12 King Street
About This Property
This home features important recent upgrades, including a new heating boiler, new hot water heater, and a new roof, offering peace of mind and added value for years to come.
One of the standout advantages of this property is its location within Freeport Village, which benefits from its own water and electric companies, helping to keep utility costs lower than neighboring areas.
Commuters will appreciate the easy access to Sunrise Highway, Meadowbrook State Parkway, and the Long Island Railroad, offering a smooth commute to Manhattan's Penn Station in approximately 45 minutes. JFK International Airport, just over 16 miles away, adds even more convenience for frequent travelers.
This home combines comfort, efficiency, and an excellent location-an outstanding opportunity to enjoy village living with exceptional accessibility.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 20, 2026 | Sold | ||
| Sold | |||
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Relisted | $649,000 | |
| Relisted | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Jan 19, 2026 | Listed by Realty Connect USA LLC | $649,000 | |
| Listed by Realty Connect USA LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017