1295 Islip 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 |
|---|---|---|---|
| Oct 14, 2025 | Sold | ||
| Sold | |||
| Aug 31, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Listed by Signature Premier Properties | $699,999 | |
| Listed by Signature Premier Properties | |||
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Welcome to this beautifully updated Expanded Cape-style home located on Islip Avenue in the heart of Central Islip. This spacious residence offers 7 bedrooms and 3 full bathrooms, making it ideal for extended families, guests, or potential rental income.
The home has been thoughtfully upgraded with brand-new siding, roofing, and flooring, providing a modern and move-in-ready feel. Situated on an oversized lot, the property features a spacious driveway and detached garage, offering plenty of room for multiple vehicles, storage, or even a workshop setup.
Conveniently located close to shopping centers, restaurants, and public transportation, this home combines comfort, space, and location. Whether you’re looking for a primary residence or an investment opportunity, this property offers endless possibilities.
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| Aug 1, 2023 | Sold | ||
| Sold | |||
| Apr 4, 2023 | In contract | - | |
| In contract | |||
Property Highlights
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About Central Islip
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Currently no similar homes aroundNearby Rentals
$4,500 /mo
- 3 Beds
- 2 Baths
- 1,200 ft²
$3,795 /mo
- 2 Beds
- 2 Baths
- 1,163 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017