140 Ocean Avenue
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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.
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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 27, 2026 | Sold | ||
| Sold | |||
| Dec 18, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Relisted | $849,990 | |
| Relisted | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Aug 20, 2025 | Listed by Michael J Watts & Assoc Inc | $849,990 | |
| Listed by Michael J Watts & Assoc Inc | |||
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Classic 4-bedroom, 2.5-bath Colonial located south of Montauk on beautifully landscaped, park-like grounds. This spacious home features a primary bedroom with its own en-suite bath, a formal living room with hardwood floors and a stunning stone fireplace, plus a separate family room with a second stone fireplace—both with heated finishes for year-round comfort. The home showcases new siding, gorgeous custom stonework, and a side-entry 2-car garage. Outdoors, enjoy an updated in-ground sprinkler system with wireless app control and serene surroundings perfect for relaxing or entertaining. Conveniently located near marinas, beautiful beaches, and fine dining—this is a rare opportunity to own a true gem in a highly desirable location!
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About Islip
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$3,150 /mo
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- 1 Bath
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$1,900 /mo
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- 1 Bath
- 198 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017