150 Ocean Avenue
About This Property
Inside, a double-height entry hall sets a gracious tone for a residence encompassing over 5,600 square feet, seven-plus bedrooms, four fireplaces, a finished third floor, and an elevator. A freestanding three-car garage, itself over 900 square feet, provides extensive storage, as does the full basement, with potential for additional finished space.
Outdoors, the grounds feature a large in-ground pool, a Har-Tru tennis court, and a built-in grilling station with twin grills. Herringbone brick paths connect these outdoor spaces, while towering trees and lush plantings envelop the property, providing privacy and reflecting decades of careful cultivation.
For all the privacy of a country estate, 150 Ocean Avenue is remarkably well connected. The Lawrence and Cedarhurst LIRR stations, local schools and shuls, and the Lawrence Yacht & Country Club are all just a short drive away.
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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 |
|---|---|---|---|
| Oct 8, 2026 | Listed by Five Towns Miller Realty Inc | $3,790,000 | |
| Listed by Five Towns Miller Realty Inc | |||
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About Five Towns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017