87 Craven Road
About This Property
Escape the world and embrace nature on this beautiful 15.8-acre property. Featuring a charming 20x20 timber-frame barn with electric and a frost-free hydrant, this property is the perfect retreat for recreation and relaxation. The land includes DEC-regulated wetlands, so any future building would require DEC approval--but if you're seeking an outdoor paradise, this is the place.
Enjoy the thoughtful work already completed by the current owner to make this the ideal camp getaway. The barn, with its timeless country character and sturdy construction, offers comfort and convenience far beyond a tent or camper. Approved engineered septic plans are available and the sand for the leach field has already been delivered.
Just 20 miles from Albany and close to the NYS Thruway, shops, and restaurants, this affordable Upstate retreat is ready for you to relax, unwind, and enjoy the sounds of 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 |
|---|---|---|---|
| Sep 25, 2026 | In contract | - | |
| In contract | |||
| Sep 17, 2026 | Price Decreased |
$99,000
↓ $20K
(16.8%) | |
| Price Decreased | |||
| Apr 14, 2026 | Listed by Four Star Realty Group Inc | $119,000 | |
| Listed by Four Star Realty Group Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017