394 STATE HIGHWAY 7
About This Property
The spacious primary suite features a tray ceiling, large window and private bath with dual vanities, jetted soaking tub, separate shower and ample storage. Secondary bedrooms offer flexibility for sleeping quarters, office or hobby space, complemented by a second full bath.
Significant improvements add to the property's appeal, including a recently replaced roof and gutters, windows and exterior doors, HVAC and water heater updates, updated flooring and exterior paint. The aerobic septic system was installed in 2023, adding another important improvement already completed for the next owner.
Outside, expansive grassy areas, mature shade trees and a private drive provide plenty of room to enjoy the peaceful country setting. A standout 24' x 24' shop offers excellent workspace and storage, complete with shelving and a full-height I-beam hoist that extends to the ceiling, both of which convey with the property. Additional outbuildings provide even more flexibility for equipment, tools, hobbies or storage. Other notable features include a 32,000 lb. steel storm shelter installed in 2020 and a 24kW Generac generator for added peace of mind. With major improvements already completed, a well-equipped shop, useful outbuildings and a spacious country setting, this property offers a compelling combination of comfort, functionality, storage and space.
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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 |
|---|---|---|---|
| Oct 1, 2026 | Sold | ||
| Sold | |||
| Aug 18, 2026 | In contract | - | |
| In contract | |||
| Aug 14, 2026 | Listed by Bramlett Partners | $475,000 | |
| Listed by Bramlett Partners | |||
| Apr 25, 2023 | No longer available | - | |
| No longer available | |||
| Apr 1, 2023 | Price Decreased |
$525,990
↓ $24K
(4.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017