84-90 Rangeway Road
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 |
|---|---|---|---|
| Dec 3, 2012 | Sold | ||
| Sold | |||
| Jan 4, 2010 | Listed by Arakelian Real Estate, Inc. | $2,500,000 | |
| Listed by Arakelian Real Estate, Inc. | |||
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Ready for development $300K of site work completed. All town approvals in hand. Unit plans and estimates on hand for serious Buyers, much of the ground work completed ready for utilities and construction. 26 Townhouse units approved, 22 units at unrestricted price with 4 units at affordable pricing.
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