5390 Monterey Road
About This Property
At the heart of the property sits a quaint 1915-built farmhouse, offering approximately 912± square feet with 3 bedrooms and 2 bathrooms. Rich with vintage appeal, the home presents an ideal, cozy, country retreat.
The land itself is the true standout, level to gently rolling and well-suited for a variety of uses including agriculture, hobby farming, or simply enjoying wide-open space. Existing outbuildings and barn structures add functionality and flexibility, while the surrounding landscape provides both privacy and sweeping pastoral views.
Conveniently located with easy access to nearby towns yet offering a peaceful, rural setting, this property is perfect for those seeking space, character, and endless possibilities. The property does have an irrigation well (little is known about this well) and a domestic well that is shared with the neighboring property along with a shared driveway.
Whether you're dreaming of a small farm, weekend getaway, or investment opportunity, this property invites you to bring your vision to life.
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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 |
|---|---|---|---|
| May 21, 2026 | Sold | ||
| Sold | |||
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Apr 3, 2026 | Listed by RE/MAX Parkside Real Estate | $675,000 | |
| Listed by RE/MAX Parkside Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017