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157 WOODSWAY
About This Property
Originally constructed in 1890, the farmhouse speaks to a bygone era, offering a foundation for those with the vision and commitment to restore it to its former character. The home requires significant rehabilitation and is best suited for a purchaser prepared to undertake a comprehensive restoration.
Equally, the property lends itself to redevelopment. With essential infrastructure already in place-including electric, well, septic, an in-ground pool, and a detached carport with workshop/storage-the groundwork has been laid for a new construction project without starting from raw land.
Zoned R-2, the offering may present subdivision or development potential, subject to county approvals. The scale, setting, and existing improvements combine to create a rare canvas for builders, developers, or end-users seeking to craft a legacy property.
Whether restored with intention or reimagined entirely, 157 Woods Way offers a distinctive opportunity to create something enduring in a highly desirable location.
Buyer to verify all zoning, land use, and development possibilities.
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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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| May 9, 2026 | In contract | - | |
| In contract | |||
| May 6, 2026 | Listed by TTR Sotheby's International Realty | $549,900 | |
| Listed by TTR Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017