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32 highland lake road
About This Property
The true value of this offering lies in its generous land parcel, which provides ample space for a variety of creative projects. Whether you envision a luxury single-family home, a multi-unit residential development, or a private vacation retreat, the possibilities are vast. While in need of significant updates, serves as a blank canvas for transformation or can be replaced to suit your vision.
With the Hudson Valley real estate market continuing to grow, this property represents a timely and lucrative opportunity. Large land parcels in this area are increasingly rare, and the demand for homes and retreats in Highland is on the rise. Don't miss your chance to own a piece of Highland's future. Contact us today to explore the potential of this exceptional property!
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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 |
|---|---|---|---|
| Jun 12, 2026 | Sold | ||
| Sold | |||
| Apr 9, 2026 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Relisted | $47,500 | |
| Relisted | |||
| Nov 14, 2025 | No longer available | - | |
| No longer available | |||
| May 13, 2025 | Listed by Narine Realty Corporation | $47,500 | |
| Listed by Narine Realty Corporation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017