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Northville 11901
5873 Sound Avenue
Photo of 5873 Sound Avenue
Sold on May 9, 2025

35

Map

Photo of 5873 Sound Avenue
Photo of 5873 Sound Avenue
$4,150,000
● Land - Off Market

5873 Sound Avenue

Riverhead, NY 11901
bedrooms
Studio
bathrooms
0 Bath
$27,162
Est. Monthly
-0.62%
Cap Rate

About This Property

Imagine owning a slice of bucolic paradise with full development rights intact! Over 40 acres of fertile land in a prime agritainment locale where countryside meets opportunity. Currently, the property is operating with a thriving microbrewery tenant and a 4 bedroom/ 2 bath home. This gives you the opportunity to collect rent while working through your master plan. Some uses include: attached single family dwellings within a cluster subdivision, riding academy, horse boarding, farming, livestock, tree farm, and multiple special permit uses including a B&B, commercial kennel, day care or professional offices.
Unit Size
-
Days on Market
263 days
Land Size
40.16 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4,330
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 2 years ago (OneKey MLS #KEYL3572914)

Price History

Date / Event Date Event Price
May 9, 2025 Sold
Premium
Sold
Mar 6, 2025 In contract -
In contract
Feb 23, 2025 Relisted $4,650,000
Relisted
Dec 13, 2024 In contract -
In contract
Aug 16, 2024 Listed by Corcoran $4,650,000
Listed by Corcoran

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 256
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,014,948
  • Total Building Area: 1,488
  • Gross Building Area: 1,488
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000023300
  • Standard Land Use Code: 1008
  • County Land Use Code: 140
  • Legal Description 1: NX SND AV EX IRELAND &ANO SX KUJAWSKI WX WINES

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169906

Zoning

  • Zoning: 9

Geography

  • Account Number: 07
  • District: 0600-0
  • Section: 9.00
  • Parcel: 0600-009.00-02.00-009.000
  • Block: 2
  • Lot: 9.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9786
  • Longitude: -72.5973

    Address

  • Full Address: 5873 Sound Ave
  • Address - House Number: 5873
  • Address - Street Name: Sound
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Riverhead
  • Carrier Code: R006
  • 4-Digit Zip Code: 5611
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,483,514
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 1,212,620
  • High Value: 1,473,080
  • Low Value: 952,161

    Market Valuation

  • Market Total Value: $2,065,662
  • Market Land Value: $1,108,719
  • Market Improvement Value: $956,943

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $191,900
  • Assessed Land Value: $103,000
  • Assessed Improvements Value: $88,900
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Northville

Stats & Trends

Median Asking:

$938,500

Sale Price/ft²

$422

Below Asking

0.04%

Average Days on Market

68

Average Home Size

2644 ft²

Average Home Age

59.3 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 5873 Sound Avenue built and last sold?
The property at 5873 Sound Avenue was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5873 Sound Avenue is $4,696,500.
What are some comparable homes to 5873 Sound Avenue?
There are currently no comparable homes to 5873 Sound Avenue.
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