5121 Craig Road
About This Property
Step into a unique opportunity with this expansive fenced 10+acre estate. This property seamlessly blending the tranquility of open space with functional rural charm. Whether you're seeking a peaceful getaway, a private homestead, or a property with investment potential, this land offers the flexibility to match your vision.
The parcel includes resort style pool, versatile outbuilding, perfect for equipment storage, workshop space, or future customization. 9 stall barn complete with tact and feed rooms. Fully cleared and easily accessible, the layout supports a range of uses while maintaining privacy and natural beauty.
With current AU zoning supporting agricultural activities and a future land use designation of RES 1, the property opens the door to long-term residential possibilities. It's a smart buy for those who value open skies, room to grow, and a property that evolves with your goals.
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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 |
|---|---|---|---|
| Sep 22, 2025 | Sold | ||
| Sold | |||
| Jul 21, 2025 | In contract | - | |
| In contract | |||
| Jul 3, 2025 | Price Decreased |
$1,350,000
↓ $1M
(48.1%) | |
| Price Decreased | |||
| Jul 1, 2025 | Price Increased |
$2,600,000
↑ $2M
(205.9%) | |
| Price Increased | |||
| Jul 1, 2025 | Listed by Blue Marlin Real Estate | $850,000 | |
| Listed by Blue Marlin Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017