4070 Wood Street
About This Property
This distinctive property, originally built as a schoolhouse (exact build date unknown, as public records do not specify), has been thoughtfully converted into a single-family home over the years. The home has undergone extensive remodeling, transforming the space into a comfortable residence while preserving its historical charm.
The layout features multiple levels and entry points, creating a unique floor plan with two bedrooms on the upper level and two bedrooms on the lower level, plus one unconventional bedroom. With two full bathrooms-one on each floor-the home offers ample space and flexibility for various living arrangements.
The property sits on a spacious 1.4-acre lot, offering plenty of room for outdoor activities and potential future improvements.
Located in the peaceful community of Rives Junction, this home provides a blend of history, modern convenience, and plenty of potential for those seeking a distinctive living 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 |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Jan 20, 2025 | In contract | - | |
| In contract | |||
| Jan 14, 2025 | Relisted | $185,000 | |
| Relisted | |||
| Jan 10, 2025 | In contract | - | |
| In contract | |||
| Jan 4, 2025 | Price Decreased |
$185,000
↓ $14K
(7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017