1404 Mcconnell Road #A
About This Property
The climate-controlled building totals over 6,800 sq ft under roof, including a 1,063 sq ft 2-bedroom, 1.5-bath living space with full kitchen, laundry, and comfortable living room. Downstairs includes a break room with wet bar, half bath, and mechanical room, plus a finished 2-car garage. Upstairs, the open storage area (over 3,000 sq ft) provides endless potential for expansion, business use, or additional build-out.
Every space is designed for function and efficiency. Spray foam exterior insulation and fiberglass interior insulation provide energy savings and sound reduction. The entire structure is climate controlled, including the workshop, garage, and open storage - a rare feature compared to most barndo or shop properties.
Outside, the property includes a massive 24 × 50 RV garage with 50-amp breaker, floor drain tied into septic, and future sewer stub, plus a portable storage building. A covered patio and fenced yard add comfort and convenience. Situated on 2 acres with no city taxes, this property offers space, privacy, and flexibility for business or residential use.
Whether you're seeking a live-work setup, investment, or specialized commercial space, this property delivers unmatched versatility in the rapidly growing Gunter market.
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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 |
|---|---|---|---|
| Jun 30, 2026 | No longer available | - | |
| No longer available | |||
| May 18, 2026 | Price Decreased |
$1,050,000
↓ $50K
(4.6%) | |
| Price Decreased | |||
| Feb 23, 2026 | Price Decreased |
$1,100,000
↓ $100K
(8.3%) | |
| Price Decreased | |||
| Sep 1, 2025 | Listed by James Spece - Realtor Inc. | $1,200,000 | |
| Listed by James Spece - Realtor Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017