140 Mcgoodwin Street
About This Property
The 45x40 barndominium-style shop on a slab includes a 1 bedroom - 1 bath efficiency apartment, giving you a comfortable home base while you build your dream home-or the perfect simple setup to live in as-is. The kitchen comes equipped with refrigerator, range, microwave, dishwasher, plus a stacked washer-dryer combo. The bedroom connects to the bath featuring tile floors, granite-topped vanity, and a separate shower. Cooling and heating are provided by a mini-split system plus a standalone AC unit, and the bedroom safe conveys.
Outside is where this property really shines: unrestricted land means bring your plans-horses, livestock, chickens, trailers, RV, boats, ATVs, or a home-based business. The shop is ready for serious projects with a 9,000 lb car lift, heavy-duty work tables & workspaces, two roll-up doors, and a separate rear entrance. Shop is also equipped with 240V for an RV or welder. Plenty of parking in the attached 3-car carport and even more room to expand-this is a rare chance to own a flexible, high-function property where you can live the rural lifestyle while being close to everything.
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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 |
|---|---|---|---|
| Mar 12, 2026 | Sold | ||
| Sold | |||
| Feb 1, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | Listed by Buy Wise Real Estate | $365,000 | |
| Listed by Buy Wise Real Estate | |||
| Apr 29, 2024 | No longer available | - | |
| No longer available | |||
| Jan 7, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017