705 County Road 48
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 20, 2024 | Sold | ||
| Sold | |||
| Oct 23, 2024 | In contract | - | |
| In contract | |||
| Jun 11, 2024 | Listed by Douglas Elliman Real Estate | $995,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Prime Limited Business Parcel on Route 48 located between Cox Neck Rd to the west and Strawberry Fields to the east. Partially cleared and ready for your dream to come true! Limited business zoning with proper site plan approvals could include: professional office, restaurant, hotel, bed and breakfast, repair shop, warehouse or winery with retail. Could also be single or two-family housing.
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017