30
Map
118 Hedges Avenue
About This Property
Inside you'll find a spacious living room filled with natural light a comfortable dining area and well-appointed kitchen with ample cabinet space. The full basement offers excellent potential for storage, workshop or future expansion. The upstairs can be easily converted to 2 additional bedrooms and bathroom (with proper permits).
Outside, enjoy the open yard ideal for entertaining, gardening or relaxing in your own private space. The property provides ample parking and endless possibilities for outdoor enjoyment.
Located in a quiet neighborhood yet close to schools and shopping- this home combines convenience with country charm.
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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 2, 2026 | Sold | ||
| Sold | |||
| Nov 20, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Listed by Rice Realty Group Inc | $499,000 | |
| Listed by Rice Realty Group Inc | |||
| Jun 28, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jun 18, 2025 | Listed by Daniel Gale Sothebys Intl Rlty | $499,999 | |
| Listed by Daniel Gale Sothebys Intl Rlty | |||
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Charming and spacious Cape Cod style home featuring 3 bedrooms, two full baths, situated on a generous .58 acre lot. This classic residence offers a warm and inviting atmosphere. This property includes a full basement- perfect for storage and an attached garage for added convenience. Surrounded by mature landscaping and ample yard space, this home is idea for both relaxation and entertaining.
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About East Patchogue
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017