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About This Property
IMPROVEMENTS:
Perched on a knoll toward the back of the property sits an impressive 6,000-square-foot recreation barn completed in 2023. Designed for both entertaining and recreation, the barndominium features five bedrooms, four bathrooms, and accommodations for up to 25 guests. The main hall includes an indoor pickleball court, half-court basketball, and event space capable of hosting gatherings of up to 150 people. Additional amenities include a Sonos surround sound system, treadmills, assault bikes, rowing machines, a turf pool deck ideal for yoga, HIIT classes, cornhole, or meditation, along with both wood-fired and electric saunas. Outdoor living areas centered around the pool create an atmosphere that feels more like a private retreat than a property minutes from town.
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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 |
|---|---|---|---|
| May 26, 2026 | Listed by Republic Ranches, LLC | $4,950,000 | |
| Listed by Republic Ranches, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017