Corkscrew Road
About This Property
Imagine what these cattle pens could tell you if they could talk. This property, nestled in the heart of a rich historical landscape, offers a rare glimpse into the past. Spanning 5 acres, it is surrounded on three sides by a protected preserve, ensuring privacy and tranquility for generations to come.
Dating back to the early 1900s, these original cattle pens were established by some of the first settlers of the Corkscrew community. The land has borne witness to over a century of farming, ranching, and local history, making it not just a piece of property, but a part of the area's story.
With a well, power pole, and septic already in place, this property is ready for your vision-whether you're looking to restore the historic pens or start fresh with a new chapter. The preserved surroundings ensure that future development will be minimal, so the natural beauty and serenity of this land can remain for years to come.
This is more than just a 5-acre plot; it's a connection to the past, a place with stories to tell, and a canvas for whatever future you imagine.
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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 |
|---|---|---|---|
| Feb 7, 2025 | Sold | ||
| Sold | |||
| Jan 7, 2025 | In contract | - | |
| In contract | |||
| Dec 20, 2024 | Listed by WHITETAIL PROPERTIES REAL ESTATE | $399,999 | |
| Listed by WHITETAIL PROPERTIES REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017