$700,000
●
Land -
Off Market
70 Forest Road
Pelham, NY 10803
Studio
0 Bath
$4,767
Est. Monthly
About This Property
Introducing a truly exceptional opportunity in Pelham Manor!
Presenting a rare, near half-acre buildable vacant lot, primed and
ready for your architectural vision. With the capacity to
accommodate a stunning home of up to 7,200 square feet (including a
pool), this plot offers a canvas for dreams, where luxury and
imagination meet.
The vacant and buildable lot is shy of 19,000 square feet and with impressive dimensions of 103 feet by 182 feet, this parcel ensures that your grand designs can be brought to life without compromise. Whether you envision a palatial estate, a modern masterpiece, or a sustainable eco-haven, the possibilities here are as vast as the open skies above.
Located in a coveted Pelham Manor neighborhood, this is not just a lot, but a gateway to an elevated lifestyle, where every sunset and sunrise can be enjoyed from the home of your dreams.
Don't miss this chance to craft a legacy in a prestigious enclave. The future you've been waiting for starts on this plot. Secure this prime real estate today and let the journey of endless possibilities begin!
The vacant and buildable lot is shy of 19,000 square feet and with impressive dimensions of 103 feet by 182 feet, this parcel ensures that your grand designs can be brought to life without compromise. Whether you envision a palatial estate, a modern masterpiece, or a sustainable eco-haven, the possibilities here are as vast as the open skies above.
Located in a coveted Pelham Manor neighborhood, this is not just a lot, but a gateway to an elevated lifestyle, where every sunset and sunrise can be enjoyed from the home of your dreams.
Don't miss this chance to craft a legacy in a prestigious enclave. The future you've been waiting for starts on this plot. Secure this prime real estate today and let the journey of endless possibilities begin!
Unit Size
-
Days on Market
288 days
Land Size
0.43 acres
Price per sqft
-
Property Type
Land
Property Taxes
$715
HOA Dues
-
Year Built
1929
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (OneKey MLS #KEYH6269099)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 3, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2023 | Listed by Capital Realty NY LLC | $825,000 | |
| Listed by Capital Realty NY LLC | |||
| | |||
|
Introducing a truly exceptional opportunity in Pelham Manor! Presenting a rare, near half-acre buildable vacant lot, primed and ready for your architectural vision. With the capacity to accommodate a stunning home of up to 7,200 square feet (including a pool), this plot offers a canvas for dreams, where luxury and imagination meet. The vacant and buildable lot is shy of 19,000 square feet and with impressive dimensions of 103 feet by 182 feet, this parcel ensures that your grand designs can be brought to life without compromise. Whether you envision a palatial estate, a modern masterpiece, or a sustainable eco-haven, the possibilities here are as vast as the open skies above. Located in a coveted Pelham Manor neighborhood, this is not just a lot, but a gateway to an elevated lifestyle, where every sunset and sunrise can be enjoyed from the home of your dreams. Don't miss this chance to craft a legacy in a prestigious enclave. The future you've been waiting for starts on this plot. Secure this prime real estate today and let the journey of endless possibilities begin!
| |||
| Oct 2, 2000 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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Last Updated: 4 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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