38
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1289 Plank Road
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 |
|---|---|---|---|
| Sep 22, 2026 | Price Decreased |
$785,000
↓ $14K
(1.8%) | |
| Price Decreased | |||
| Jul 17, 2026 | Listed by Country House Realty Inc | $799,000 | |
| Listed by Country House Realty Inc | |||
| May 31, 2024 | Sold | ||
| Sold | |||
| Apr 18, 2024 | In contract | - | |
| In contract | |||
| Mar 14, 2024 | Listed by Coldwell Banker Village Green | $699,000 | |
| Listed by Coldwell Banker Village Green | |||
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Welcome to your serene lakefront retreat, nestled among mature pine trees and a sea of mountain laurel in the charming hamlet of Forestburgh. This tastefully updated ranch-style home offers the perfect blend of comfort and tranquility, boasting various entertainment areas, including two hot tubs, a fire pit, a dock, and a safari glamping tent. Whether it's early morning water activities, mid-day picnics, or late-night stargazing by the water, this property caters to nature lovers. Inside, discover three spacious bedrooms, two full baths, and a finished basement providing ample accommodation for guests. The main living space has high ceilings, a fireplace, and sliding doors leading to a deck. Adjacent to the living room, a screened-in porch ensures you can enjoy alfresco dining while soaking in the picturesque lake views. The kitchen is a chef's dream, outfitted with top-of-the-line Bertazzoni Kitchen Appliances, elevating your culinary adventures while adding style and functionality to the heart of the home. Close to local amenities and attractions and only 20 minutes from the Port Jervis train station for easy commuting into NYC. Visit nearby quaint upstate towns like Barryville and Eldred. Explore the Mongaup Valley Wildlife Management Area that abuts the lake association with over 12,000 acres of protected lands and lakes, including the Rio Reservoir just down Plank Road. Experience the beauty of nature and the comforts of home in this idyllic lakefront retreat.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017