2413 Route 44
About This Property
The land features direct access to Route 44, making driveway installation straightforward, and offers clean topography with no wetlands, simplifying the path to development.
What truly sets this property apart is its income-producing component-currently generating $15,000 annually from a billboard, with potential to expand. Even better, the billboard positioning allows for complete privacy from the future homesite, preserving the residential feel while benefiting from passive income.
Surrounded by established commercial businesses, this parcel presents a strong case for future commercial rezoning, offering significant equity appreciation potential. With frontage comparable to the gas station directly across the street, the exposure and access are already proven.
This parcel is Highly versatile, Come check it out and make us an offer! Open to negotiations.
Envision two clear paths:
Build your private estate-clear select trees and create a peaceful, tucked-away residence with acreage and income.
Capitalize on location-hold, enhance, or reposition as a commercial or mixed-use asset in a high-traffic corridor.
Whether you're looking for a straightforward, zoning-compliant residential build, a land banking play, or a high-upside development opportunity, this property is a blank canvas with built-in advantages.
Opportunities like this-income-producing, buildable, and positioned for future growth-are increasingly hard to find.
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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 |
|---|---|---|---|
| Mar 28, 2026 | Price Decreased |
$325,000
↓ $50K
(13.3%) | |
| Price Decreased | |||
| Mar 17, 2026 | Listed by Epique Realty | $375,000 | |
| Listed by Epique Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017