44 Alaqua Trail
About This Property
A beautifully finished shop building is already in place and offers features rarely found at this stage. The shop is equipped with central heat and air, a full bathroom, and stained concrete floors that add both durability and style. The layout allows for a variety of uses, whether as a game room, additional guest accommodations, or a flexible entertainment space to complement your future cabin build.
The land itself offers ample room to design and construct your dream cabin while retaining the shop as a valuable addition. The setting is private and peaceful, yet located within Woodland Hills Phase I, one of the area's most established and sought-after neighborhoods.
With utilities already in place and a versatile structure ready for immediate use, this property provides a significant head start for those looking to create either a personal retreat or a potential income-generating short-term rental. Opportunities to secure acreage with improvements in Woodland Hills Phase I are limited, making this property a standout option.
Payment Calculator
Your Estimated Monthly Payment
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 25, 2026 | Sold | ||
| Sold | |||
| Jan 26, 2026 | In contract | - | |
| In contract | |||
| Jan 5, 2026 | Price Decreased |
$349,000
↓ $6K
(1.7%) | |
| Price Decreased | |||
| Nov 24, 2025 | Price Decreased |
$354,999
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Oct 18, 2025 | Price Decreased |
$359,999
↓ $10K
(2.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017