118 Ketcham Avenue
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 |
|---|---|---|---|
| Apr 8, 2026 | Sold | ||
| Sold | |||
| Feb 7, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Listed by Compass Greater NY LLC | $699,990 | |
| Listed by Compass Greater NY LLC | |||
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Nestled in the heart of vibrant Patchogue Village, this absolutely stunning, fully-renovated expanded ranch offers the perfect fusion of classic charm and modern luxury. Professionally designed with impeccable attention to detail, this 3-bedroom, 2-bathroom move-in ready home is a true sanctuary where comfort meets style. Inside you will be greeted by a warm and inviting living room bathed in natural light and adorned with new wainscoting and picture molding, a gorgeous new mantle, and beautiful built-ins surrounding the elegant fireplace that serves as the room's stunning focal point. The show-stopping Chef's kitchen is a dream come true—complete with sleek modern cabinetry, honey bronze hardware, quartz countertops, rich wood accents, stainless steel appliances, and abundant storage, it's both functional and breathtaking. From the eat-in kitchen, the spacious dining room and huge great room with high ceilings provide plenty of room to entertain or unwind, all while enjoying views of the professionally landscaped yard with privacy plantings throughout. Recessed hi-hat lighting throughout creates the perfect ambiance in every room. Additional highlights include a new hidden fluted accent wall with a sliding barn door leading to the one-car garage, freshly painted interiors, a new driveway with pavers and lighting, and manicured landscaping that enhances curb appeal and outdoor enjoyment. Modern comforts include central air conditioning, while a new forced air oil heating system ensures year-round comfort. All of this is located just a short stroll from Patchogue Village's beloved shops, restaurants, and local attractions. Don't miss your chance to own this exceptional blend of style, space, and location at $699,990—your dream home awaits!
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| Sep 26, 2025 | Sold | ||
| Sold | |||
| Jul 23, 2025 | In contract | - | |
| In contract | |||
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About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017