40 Brooks Pond Rd
About This 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 |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| May 5, 2025 | In contract | - | |
| In contract | |||
| May 4, 2025 | Price Decreased |
$450,000
↓ $100K
(18.2%) | |
| Price Decreased | |||
| Apr 4, 2025 | Listed | $550,000 | |
| Listed | |||
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Endless Possibilities Await at 40 Brooks Pond Rd! This unique opportunity offers just under 17 acres of land, with a mix of cleared and wooded areas, presenting the perfect setting for your vision. The existing home on the property is in need of significant repair or tear-down, but the real value lies in the land. Whether you're looking to renovate and create a private estate or explore the potential for subdivision and new home development (with proper town approvals), this property offers tremendous upside. Located on a quiet country road, yet just minutes to local amenities and major routes, this is a rare find for builders, investors, or anyone seeking privacy and space. Opportunities like this don’t come around often—bring your ideas and unlock the full potential of this expansive parcel!
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| Jul 22, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017