178 Private Road 4590
About This Property
A major highlight of this property is the professionally designed 36x48 barn, built for equestrian use. The barn includes five oversized 12x12 stalls, each with individual exterior runs, allowing easy turnout, airflow, and daily handling. The stalls are arranged for excellent spacing, comfortable movement, and secure overnight boarding. A dedicated 12x24 insulated tack room provides organized storage for feed, saddles, supplies, and equipment. An arena pad is already in place, ready to finish for training, roping, barrel work, or recreational riding.
The acreage is quiet, treed, and ideal for grazing or small-scale ranching. A stocked pond supports livestock and adds a scenic rural element. Additional features include a private water well and septic system. This property combines modern home construction with functional horse facilities and is well suited for breeding, boarding, or personal equestrian use.
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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 27, 2026 | Sold | ||
| Sold | |||
| Feb 24, 2026 | In contract | - | |
| In contract | |||
| Feb 14, 2026 | Price Decreased |
$1,499,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Jan 10, 2026 | Price Decreased |
$1,500,000
↓ $90K
(5.7%) | |
| Price Decreased | |||
| Dec 8, 2025 | Price Increased |
$1,590,000
↑ $90K
(6%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017