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172 William Higgins DR
About This Property
The 30x40 insulated metal shop is a serious bonus, with American Standard central AC (added in 2020), stucco-finished exterior to match the house, and 20' deep carports on two sides for extra covered parking or workspace. Inside, Volt LED ambient lighting keeps things bright, and landscape lighting adds a nice glow after dark.
Water is well taken care of here-literally. A 16x16 climate-controlled well house protects a private well with a variable frequency pump (replaced around 2020), plus a pure water filtration system and descaler. And if you ever want to switch, the property is already plumbed for Aqua water utility.
With separate 200-amp electric service for both the house and shop, this setup is ideal for anyone who needs extra power for projects, hobbies, or just running things efficiently. A solid mix of nature, comfort, and functionality-this place is worth a look!
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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 |
|---|---|---|---|
| May 8, 2025 | In contract | - | |
| In contract | |||
| Apr 1, 2025 | Price Decreased |
$599,000
↓ $30K
(4.8%) | |
| Price Decreased | |||
| Mar 23, 2025 | Price Decreased |
$629,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Mar 1, 2025 | Listed by All City Real Estate Ltd. Co | $649,000 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017