19448 Blue Sky Road
About This Property
The impressive two-story main residence offers 3,546 square feet, 4 bedrooms, and 4.5 bathrooms. Highlights include a spacious sunken living room, wraparound deck, and attached 3-car garage. The second residence is a single-story custom home featuring 2,298 square feet, 2 bedrooms, 2 bathrooms, and its own swimming pool.
With over 14 acres of land, the property offers ample space, privacy, and opportunities to reimagine both residences. Bring your vision, tools, and creativity to restore these homes to their full potential.
FIXER-UPPER / CONTRACTOR SPECIAL! Both residences require repairs and renovations, and the property's well is currently nonoperational. This is a unique opportunity for experienced investors, contractors, homesteaders or buyers prepared to take on a renovation project. Property is being offered in its present condition. Buyers to conduct their own due diligence regarding property condition, utilities, permits, and intended uses.
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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 |
|---|---|---|---|
| Oct 22, 2026 | In contract | - | |
| In contract | |||
| Sep 30, 2026 | Listed by AVM Real Estate Services | $799,999 | |
| Listed by AVM Real Estate Services | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017