7
Map
11289 Alligator Trail
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 30, 2025 | Sold | ||
| Sold | |||
| Oct 15, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Listed by LAB Real Estate LLC | $2,700,000 | |
| Listed by LAB Real Estate LLC | |||
| |||
|
Presenting an unparalleled opportunity within the subdivision, this 1/5 left lot boasts over 2,000 loads of premium fill, facilitating building your ideal residence, guest house, barn, riding arena, & a covered equestrian arena. This coveted equine community will offers a plethora of advantages, including the recent bylaw modifications that render each property an income-generating asset. 15 miles of bridleways. The seller has meticulously curated this parcel over the past 2 years, during which time major groundwork has been executed, including adding over 2,000 loads of top-tier fill. The entirety of the lot is both cleared and sodded, showcasing well-designed drainage systems. Low taxes & HOA fees. 3.2 mi from WEF/Global, 1.1 from Polo, 5 min to Turnpike. 2,000' from the POWERLINES Alligator Trail sits over a mile from the powerlines. There is a possibility of 10 acres in this parcel adjacent with the next. There used to be 21 cascading powerlines on the main road, now they have taken up a large part of their two acre easement , adding new powerlines and exceeding the number to 28 powerlines on Homeland Road. That is why you see $1 million lots versus $2.7 million lots. If you want to know why this lot is the last indispensable lot, call me, free to tell you the history of selling of homeland lots which my parents sold via airplane back in 1976, when there was only one road.
| |||
| Dec 16, 2020 | Sold | ||
| Sold | |||
| Mar 20, 2020 | Listed by RE/MAX Direct | $475,900 | |
| Listed by RE/MAX Direct | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017