123 Mitchell Street
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 |
|---|---|---|---|
| Jan 22, 2026 | Sold | ||
| Sold | |||
| Oct 30, 2025 | In contract | - | |
| In contract | |||
| Aug 31, 2025 | No longer available | - | |
| No longer available | |||
| Aug 28, 2025 | Listed by Douglas Elliman Real Estate | $799,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Welcome to 123 Mitchell Street in North Bellmore!
This beautifully renovated home is located in a desirable and well-connected Long Island neighborhood. Move-in ready, the property features a new roof, new gutters, new flooring, and a modern kitchen equipped with Samsung appliances, including a built-in Sharp drawer microwave.
The kitchen showcases an island, updated cabinetry, and elegant finishes—highlighted by a decorative chandelier that enhances the space’s warmth and appeal. A separate outside entrance to the upper level offers added convenience and flexibility, suitable for extended guests or multigenerational living (permit may be required for alternate use).
The fully finished basement provides versatile additional living space with its own outside entrance, making it ideal for recreation, a home office, or storage. A dedicated utility/laundry area is also included. Conveniently located just 3 minutes from the LIRR, with easy access to Sunrise Highway and other major roads, commuting to New York City and nearby areas is simple. The home is close to Bellmore’s town center, with a variety of restaurants, shops, parks, and services that contribute to a welcoming suburban lifestyle. This home is within the Bellmore School District, offering access to well-regarded schools known for academic programs and extracurricular opportunities.
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| Aug 9, 2025 | Price Decreased |
$799,000
↓ $26K
(3.2%) | |
| Price Decreased | |||
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About Bellmore
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Currently no similar homes aroundNearby Rentals
$4,575 /mo
- 3 Beds
- 2 Baths
- 1,938 ft²
$4,650 /mo
- 4 Beds
- 2 Baths
- 1,116 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017