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2212 Route 106
About This Property
Whether you're a developer seeking subdivision potential (subject to municipal approvals) or a homeowner looking to renovate and modernize the existing home with its in-ground pool, this property offers exceptional flexibility and value. The expansive, level topography provides endless possibilities while the surrounding privacy creates a peaceful setting that is increasingly difficult to find. Buyer to verify subdivision potential, lot dimensions, and all permitted uses with the municipality.
Equestrian enthusiasts will appreciate the existing horse barn/stables and horse corral, making this an ideal property for horse owners or anyone seeking a true country estate while remaining close to everyday conveniences.
Ideally located just minutes from the Long Island Rail Road with quick access to Northern Boulevard and major highways, the property offers the perfect balance of peaceful country living and commuter convenience.
Seller financing is an option with a minimum of 55% down.
Property Highlights:
5.25 flat acres
Jericho School District
Exceptional privacy
Minimal trees for easier site preparation
Existing home with in-ground pool-potential for renovation, expansion, or complete custom rebuild
Existing horse barn/stables and horse corral
Potential for subdivision, subject to municipal approvals
Minutes to the LIRR, Northern Boulevard, and major highways
Seller financing
Ideal for developers, investors, equestrian buyers, or those seeking a custom luxury estate
A truly rare offering that combines development potential, equestrian amenities, outstanding privacy, exceptional accessibility, and flexible seller financing-all in one remarkable property.
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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 |
|---|---|---|---|
| Aug 15, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2026 | Listed by Hauseit LLC | $2,950,000 | |
| Listed by Hauseit LLC | |||
| Jun 10, 2025 | Sold | ||
| Sold | |||
| Apr 16, 2025 | In contract | - | |
| In contract | |||
| Apr 9, 2025 | Listed by Long Island Homes & Horse Prop | $1,700,000 | |
| Listed by Long Island Homes & Horse Prop | |||
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Welcome to 2212 Route 106, nestled in the desirable village of Muttontown within the esteemed Jericho School District. This charming 4-bedroom, 2-bathroom Cape Cod home sits on 5.24 acres of prime horse property, complete with a 4-stall center-aisle barn featuring a hay loft, ample turnout space, and room for a riding ring.
Upon entering, you're greeted by a spacious foyer/mudroom leading to a bright kitchen and a generous living room adorned with a brick fireplace and bay windows that flood the space with natural light. The formal dining room offers an elegant setting for gatherings. The main level also includes two bedrooms and a full bathroom equipped with a shower seat and handicap rails for added accessibility.
Upstairs, you'll find two sizable bedrooms with abundant storage and a full bathroom with a shower stall. The full, partially finished basement provides extensive storage or potential for additional living space.
Experience the perfect blend of rustic charm and modern convenience in this well-maintained equestrian property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017