124 Smith Avenue
About This Property
With an open living & dining concept there's an easy flow for everyday living and entertaining, complemented by wood floors throughout and a gas fireplace that brings warmth and character to the main living area. The kitchen is equipped with kitchen aid appliances, and quartz countertops. Just off the kitchen, a dedicated workspace nook provides a convenient spot for working from home, homework, or keeping everyday life organized. while the upstairs full bath features radiant heated floors.
Additional modern-day conveniences include central air conditioning, gas heat, Central-Vac system, in-ground sprinklers, partial basement, and a detached 1.5 car garage with designated 220 amp electrical service..
Located within the Islip School District, the home is just a short walk to downtown shops, and restaurants, and biking distance to the Islip Public Library, and Islip Town Beach, with Fire Island ferries and Robert Moses State Park also within easy reach. From days by the bay to evenings downtown, this home puts you right in the heart of the South Shore lifestyle.
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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%.
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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 |
|---|---|---|---|
| Sep 15, 2026 | Listed by Daniel Gale Sothebys Intl Rlty | $749,000 | |
| Listed by Daniel Gale Sothebys Intl Rlty | |||
| Apr 16, 2014 | Sold | ||
| Sold | |||
| Jul 17, 2013 | Listed by Winkler Real Estate Inc | $389,000 | |
| Listed by Winkler Real Estate Inc | |||
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Taxes W Nys Basic Star: $8422. Updated 3/4 Bedroom 2 Full Bath Cape W Sundrenched Family Room. Home Features Stacked Stone Fireplace, Hardwood Floors, Anderson Windows, Newer Bathroom, And Newer Roof. Cac From 2004, Updated Electric, Belgium Block Lined Driveway, Detached 1.5 Car Garage That's Semi-Finished W Sheetrock Plus Heat And A/C. Great For Office, Workshop Or Gym, Additional information: Appearance:Mint,Separate Hotwater Heater:Gas
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About Islip
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017