290 Griggs
About This Property
Approx 75% beautifully wooded with old-growth hardwoods & pine - prime cover for deer, turkey & game. Serene 5-acre pond attracts wildlife & offers fishing. Enjoy breathtaking panoramic views from the hilltop crest. Historic Civil War-era rock wall winds through the land.
Turn-key: two water wells, septic, dual 200-amp electric. Barns include 120x45 hay/cattle, 35x30 equipment shed, 25x50 livestock. Land & outbuildings only (no habitable dwelling). Land-locked with established legal access. Near Cooperstown. Rare opportunity!
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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 |
|---|---|---|---|
| Jun 25, 2026 | Price Decreased |
$350,000
↓ $50K
(12.5%) | |
| Price Decreased | |||
| May 21, 2026 | Listed by Karten Real Estate Services LLC | $400,000 | |
| Listed by Karten Real Estate Services LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017