1840 Scotch Lane
About This Property
House was gut renovated in 2020, fully permitted! New EVERYTHING: roof, electric, panel, plumbing, insulation, stucco, hvac, etc. "The Midnight Cabin" has cool designer touches like fully dimmable lights, an authentic 1870's ship porthole window, hammered copper sinks, copper dipped bulbs, a pot filler, indoor cast iron tub, LED fireplace, designer wood paneling, outdoor shower, hot tub, a mirrored mosaic shower with minimalist glass panel-ing and a curb-less beach entrance. The Midnight Cabin is modern and gorgeous! Guests are obsessed with this location. The lots directly south and east are government land which means the views should stay unobstructed. The stars are phenomenal here and the unique-ness of this property stands out from the crowd.
With 2.5 open acres of flat buildable land, you can use your own imagination to add tinted shipping containers, airstreams, a pool, or dream up the outdoor desert oasis of your dreams. Buyer to do their own due diligence about possibility to build or permits.
All furniture, appliances, furnishings, hot tub, decor and supplies included. No seller Carry.
Fully permitted conversion from a cabin to a SFR.
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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 |
|---|---|---|---|
| Feb 9, 2026 | Sold | ||
| Sold | |||
| Jan 21, 2026 | In contract | - | |
| In contract | |||
| Jan 13, 2026 | Price Decreased |
$299,000
↓ $60K
(16.7%) | |
| Price Decreased | |||
| Nov 5, 2025 | Price Decreased |
$359,000
↓ $30K
(7.7%) | |
| Price Decreased | |||
| Nov 15, 2024 | Listed by Endeavor Realty, Inc | $389,000 | |
| Listed by Endeavor Realty, Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017