511 State Hwy 7
About This Property
Enjoy the outdoors from the spacious covered front and back patios-ideal for relaxing or entertaining while taking in the country setting. A 2-car carport provides convenient covered parking, and the property also includes a storage shed equipped with both power and water.
One of the standout features is the impressive 50' x 150' concrete slab with its own power and water meter-ready for your vision. Whether you're considering building a second home, creating a large workshop, or expanding your investment potential, this space offers endless possibilities.
A versatile property with room to grow-perfect for those looking to enjoy country living with added opportunity.
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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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| Mar 28, 2026 | Listed by Medve Real Estate, LLC | $279,900 | |
| Listed by Medve Real Estate, LLC | |||
| Dec 2, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 5, 2025 | Price Decreased |
$299,995
↓ $10K
(3.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017