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132 48th Street
About This Property
The heart of the home is the updated kitchen, featuring crisp white cabinetry, stainless steel appliances, a gas range, and a stylish mosaic tile backsplash. The kitchen flows naturally into the dining area and living space, creating a comfortable layout for everyday living and entertaining. Three bedrooms provide flexible space for family, guests, or a home office.
Downstairs, the expansive finished basement provides an impressive amount of additional living and recreational space, complete with durable flooring, recessed lighting, a laundry area, utility room, and abundant storage.
Outside, enjoy a beautifully landscaped property with white vinyl fencing, mature greenery, and a welcoming front yard. The attached garage provides convenient parking and additional storage. Solar panels add an energy-conscious feature to this already appealing home.
Located in a desirable Lindenhurst neighborhood, this home combines classic charm with modern updates and an abundance of usable space. Move-in ready and waiting for its next owner-come see all that 132 48th Street has to offer!
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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, 2026 | Sold | ||
| Sold | |||
| Sep 5, 2026 | In contract | - | |
| In contract | |||
| Aug 28, 2026 | Price Increased |
$600,000
↑ $50K
(9.1%) | |
| Price Increased | |||
| Aug 12, 2026 | Listed by Coldwell Banker M&D Good Life | $550,000 | |
| Listed by Coldwell Banker M&D Good Life | |||
| Nov 21, 2013 | Sold | ||
| Sold | |||
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About North Lindenhurst
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017