127 Prairie View Lane
About This Property
A standout feature of this property is the impressive 30x70 commercial-grade shop, accessible by a separate driveway with an electric gate. The shop includes a 30x48 enclosed and insulated space equipped with water and 100-amp electric service, along with a 30x22 covered RV parking area-perfect for business use, hobbies, or additional storage.
The backyard is designed for relaxation and entertaining, featuring a pool, mature shade trees, and established landscaping, creating a peaceful outdoor retreat. With plenty of room to spread out and versatile amenities, this property offers both convenience and flexibility while being just a short drive to nearby shopping, dining, and major roadways.
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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 |
|---|---|---|---|
| Apr 20, 2026 | Sold | ||
| Sold | |||
| Apr 6, 2026 | In contract | - | |
| In contract | |||
| Apr 2, 2026 | Listed by eXp Realty, LLC | $345,000 | |
| Listed by eXp Realty, LLC | |||
| Aug 4, 2020 | Sold | ||
| Sold | |||
| Jul 13, 2020 | Listed by Re/Max Suburban South | $239,900 | |
| Listed by Re/Max Suburban South | |||
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NO CITY TAXES!! COMMERCIAL GRADE SHOP!! POOL!! NEW ROOF JUNE 2020!! What more could you ask for? This adorable 3 bedroom 2 bath home sits on over half an acre and is outside of the city limits. A separate driveway with electric gate leads to the 30X70 shop. 30X48 is enclosed and insulated with water and 100 amp electric service. 30X22 attached covered RV parking. The backyard is wonderful for these hot summer days with its big shade trees, pool, and beautiful landscaping. This home truly has it all!! Make your appointment today because it WILL NOT LAST!!
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About Prairie View
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Last Updated: 7 months ago
Data Source: NTREIS MLS, MLS# 21227224
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017