998 Main Rd
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 |
|---|---|---|---|
| Feb 20, 2025 | Sold | ||
| Sold | |||
| Jan 25, 2025 | In contract | - | |
| In contract | |||
| Dec 14, 2024 | Listed by First Place Realty | $399,900 | |
| Listed by First Place Realty | |||
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There are a multitude of possibilities for this 105.9 acres of pristine wooded property. The level ground acreage includes hiking trails and a one acre pond . Hardwood trees including beautiful white birch and mountain laurel bushes are plentiful. The abutting property includes a large pond that can be viewed from an approved perc tested building site. This property may be subdivided APO. There is a driveway ready for use & a cleared house site (475' + - in), which isperc tested, a 3 bedroom septic design that is approved, Eversource design, etc.. The only thing left for approval is the house design itself. The property has enough frontage (437' + -) to break up the parcel into two lots of approx 6 acres and 100 acres
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017