Lot 8 Ridge Rd Extension
About This Property
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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 |
|---|---|---|---|
| Jul 19, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 29, 2024 | Listed by Four Columns Realty, LLC | $250,000 | |
| Listed by Four Columns Realty, LLC | |||
| | |||
|
This land gives option to build a dream home with a walkout basement, taking advantage of the natural grades and potential passive energy gains, can indeed help reduce building costs and enhance energy efficiency. The sweeping western views and prevailing westerly breezes add to the desirability of the homesite. Town Water & Town Sewer. Most of the big trees have been cleared and the lot is just waiting for you. Owner has building permit and building plans
| |||
| Jan 1, 2024 | No longer available | - | |
| No longer available | |||
| Jul 13, 2023 | Listed by Four Columns Realty, LLC | $250,000 | |
| Listed by Four Columns Realty, LLC | |||
| | |||
|
This land gives option to build a dream home with a walkout basement, taking advantage of the natural grades and potential passive energy gains, can indeed help reduce building costs and enhance energy efficiency. The sweeping western views and prevailing westerly breezes add to the desirability of the homesite. Town Water & Town Sewer. Most of the big trees have been cleared and the lot is just waiting for you.
| |||
| Jun 9, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017