E Hwy 9
About This Property
Busy corner of Piney Creek Road and Hwy 9E with 1,325 ft of Hwy frontage. This 20-acre parcel is easily accessible from Hwy 9E or Piney Creek Road. Lots of possibilities with this property. Great place for a boat and RV storage, RV park, cabin rentals or build your dream home. Desirable Longtown location close to No. 9 Marina, boat ramps, swimming beach and restaurants.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 27, 2023 | No longer available | - | |
| No longer available | |||
| Jun 22, 2023 | In contract | - | |
| In contract | |||
| Feb 23, 2023 | Listed | $325,000 | |
| Listed | |||
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