55 State Highway 316
About This 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 |
|---|---|---|---|
| Oct 7, 2026 | Listed by RE/MAX Land & Homes on the Bay | $989,000 | |
| Listed by RE/MAX Land & Homes on the Bay | |||
| Apr 1, 2026 | No longer available | - | |
| No longer available | |||
| Mar 5, 2026 | Price Decreased |
$999,900
↓ $450K
(31%) | |
| Price Decreased | |||
| Sep 22, 2025 | Listed by RE/MAX Land & Homes on the Bay | $1,450,000 | |
| Listed by RE/MAX Land & Homes on the Bay | |||
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Stunning waterfront barndominium on 39 private acres! Built in 2024, this custom home offers over 3,000 sq ft of beautifully finished living space with expansive front and back porches to enjoy the bay views. The gourmet kitchen features custom cabinetry, striking granite countertops, open shelving, designer vent hood, and abundant natural light. The spacious living area boasts vaulted ceilings and a wall of windows overlooking the bay. The luxurious primary suite offers water views and a spa-like bathroom with a large walk-in shower, freestanding soaking tub, and dual walk-in closets. Energy-efficient features include spray foam insulation and a whole-home dehumidifier. Property is equipped with fiber internet and underground utilities with water and electricity run to the waterfront. The impressive 60x40 shop includes two large side overhangs, full bathroom, and a 500 sq ft climate-controlled tackle room. Situated on 39 unrestricted acres with excellent development potential.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017