10 Grace Court
About This Property
Upstairs, the primary bedroom is joined by two guest bedrooms and a beautifully updated full bathroom, along with the convenience of a stackable washer and dryer. The finished lower level provides an impressive extension of the home's living space, featuring a spacious recreation room, a versatile bonus room ideal for a home office, gym, or additional living area, a full bathroom, dedicated laundry room, and finished storage room. Outside, thoughtfully planned new landscaping enhances the property, while a detached garage provides additional parking and storage. Ideally situated moments from Bayberry Beach Club and Islip's Main Street, with Sherwood Elementary and Islip Middle and High Schools nearby, this move-in-ready home combines modern comfort, flexible living space, and a convenient Islip location. Approved plans for a front portico are also included, offering an opportunity to further enhance the home's curb appeal.
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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 27, 2026 | Price Decreased |
$889,000
↓ $56K
(5.9%) | |
| Price Decreased | |||
| Oct 7, 2026 | Listed by Douglas Elliman Real Estate | $945,000 | |
| Listed by Douglas Elliman Real Estate | |||
| May 5, 2025 | Sold | ||
| Sold | |||
| Mar 12, 2025 | In contract | - | |
| In contract | |||
| Feb 4, 2025 | In contract | - | |
| In contract | |||
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About Islip
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$5,500 /mo
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$2,425 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017