508 County Road 5035
About This Property
Enjoy the expansive outdoor space with plenty of room to build a second home, workshop, or additional improvements. The property also offers 4 covered parking spaces, ideal for vehicles, boats, or recreational equipment. Major updates include a roof replaced in 2021, providing added peace of mind for future owners.
A rare opportunity with land, functionality, and endless potential all in one 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 23, 2026 | Sold | ||
| Sold | |||
| May 16, 2026 | Listed by Corcoran Prestige Realty | $200,000 | |
| Listed by Corcoran Prestige Realty | |||
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Last Updated: 3 months ago
Data Source: HAR , MLS# 75592521
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017