40 Reserve Way
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 |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Feb 18, 2025 | In contract | - | |
| In contract | |||
| Feb 6, 2025 | Listed by Houlihan Lawrence Inc. | $165,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| | |||
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Don’t miss out on this exceptional opportunity to own a prime 6.29-acre lot in a tranquil cul-de-sac setting! This cleared lot is approved for a four-bedroom home with BOHA (Board of Health Approval) already in place, meaning you can start building right away. The property boasts beautiful western views, ensuring stunning sunsets and abundant sunlight all day long.
A major advantage of this property is the work that has already been done. The septic pad, electric pedestal, and well are already installed, offering substantial savings for the new owner. These key infrastructure elements are in place, saving both time and money, and making this lot even more attractive.
This lot has road frontage on both Reserve Way and South Cross, providing excellent access and potential for privacy. It’s ideally located for commuters, with quick access to Route 55 and the Taconic Parkway, while still offering a peaceful and serene environment. Additionally, the property is situated within the highly regarded Arlington School District, making it a perfect location.
Please note, the property cannot be subdivided, so you'll have the entire 6.29 acres to enjoy. Site plans and a survey available upon request for further details.
This is one of the finest lots currently available in Lagrange—offering a rare combination of location, completed infrastructure, and beautiful views. It’s an opportunity you won’t want to pass up!
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| Jan 23, 2023 | Sold | ||
| Sold | |||
| Jan 3, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017