535 Evans Road
About This Property
Formerly operated as a tree nursery, the property already has valuable improvements in place, including existing well, septic, and electric, saving a future owner significant time and development costs. A gated entrance and established drive provide easy access, while the expansive acreage offers endless possibilities-build your dream estate, create a private retreat, start a small farm, or hold as an investment.
There are a couple of older structures on site that are considered to have no contributory value, giving you a clean slate to design and build exactly what you envision.
Offered at $399,000, this is a unique chance to secure a sizable, improved parcel in a desirable location close to town yet surrounded by nature.
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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 |
|---|---|---|---|
| Apr 14, 2026 | Relisted | $399,000 | |
| Relisted | |||
| Apr 2, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Feb 24, 2026 | Listed by Weatherford Realty Group LLC | $399,000 | |
| Listed by Weatherford Realty Group LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017