710 Smithfield Road
About This Property
Discover a rare opportunity to own 23.89 acres of raw, wooded land nestled in the scenic hills of Millerton, NY. This private and peaceful property offers a true escape with a mix of mature trees, rolling terrain, and the potential for a long-range view from the upper elevations.
Perfect for building your dream home, creating a secluded weekend getaway, or simply investing in prime upstate New York land. The location is ideal, just minutes from the charming village centers of Millerton and Amenia, and only 12 minutes to the Wassaic train station for easy access to NYC.
Whether you're seeking tranquility, natural beauty, or development potential, this property offers it all. A unique chance to own a significant slice of the Hudson Valley.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017