9008 State Route 3
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 |
|---|---|---|---|
| Aug 29, 2026 | Listed by Whitetail Properties Real Estate, LLC | $425,000 | |
| Listed by Whitetail Properties Real Estate, LLC | |||
| Jul 29, 2025 | Listed | $450,000 | |
| Listed | |||
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A sun-drenched park-like setting defines this 21.25± acre tract-level, meticulously maintained, and balanced by open green spaces with shady wooded stands at each end. Fruit trees punctuate the clearings, lending a curated, estate-like feel. A well-kept garage provides immediate utility for storage, equipment, or staging during future site work. Infrastructure aligns with ambition: electric service on-site and at the road, municipal water, and high-speed internet support a range of residential or recreational visions. The property backs to Elms Golf Club, extending a green horizon, while the shores of Lake Ontario sit just moments away for boating, fishing, beach days, and sunset walks. Situated in a corridor known for its outdoor access and seasonal charm, the setting supports more than just building-it encourages a lifestyle. Salmon fishing on the nearby Salmon River draws anglers from across the Northeast, while wildlife-rich cover along the lakeshore and inland fields supports excellent hunting. Just minutes away, charming lakeside communities offer restaurants, marinas, farm markets, and local events that mark the seasons. Whether envisioned as a singular homesite with room to breathe or a carefully planned subdivision, flexibility is the theme (subject to buyer due diligence and necessary approvals). Surrounded by natural beauty and anchored in accessibility, this acreage blends everyday practicality with a distinctly tranquil, park-like character. Opportunities like this are rare-where land, location, and potential align. Contact us today to walk the grounds and see what this setting inspires.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017