159 East Drive
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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 |
|---|---|---|---|
| Apr 13, 2026 | Sold | ||
| Sold | |||
| Jan 27, 2026 | In contract | - | |
| In contract | |||
| Jan 5, 2026 | Listed by Desimone Real Estate | $1,190,000 | |
| Listed by Desimone Real Estate | |||
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Located in the coveted and tranquil Viceroy Estates, 159 East Drive is a stunningly expanded and updated 5-bedroom, 3-bathroom split-level home. Backing directly onto the lush Massapequa Preserve, this property offers rare privacy, is an entertainer’s dream, and offers the option for multi-generational living.
The heart of the home features a modern, open-concept layout connecting the living room, dining area, and functional kitchen with a separate pantry. The massive primary suite serves as a private retreat, complete with a custom walk-in closet and a spa-like en-suite bath. The fully finished basement features laundry, a cozy fireplace, and extra living or recreational space.
Additional features include: Sonos indoor/outdoor wireless speaker, above-ground pool, spa hot tub, Navien water heating system, cost-saving solar panels, and large backyard with the privacy of "State Land" as your rear neighbor, ensuring no one builds behind you.
A unique highlight is the mother/daughter 1-bedroom apartment, which includes its own eat-in kitchen, bathroom, and living room–offering a perfect, private space for extended family or guests. Unlike other "basement suites," this space is bright, sunny, and easily accessible with its own entrance, designed to feel like a natural extension of the home while maintaining its own distinct identity.
This location offers the perfect balance of nature (Massapequa Preserve, 13-mile scenic bike path) and convenience (10-min drive to Massapequa LIRR, 10-min drive to Farmingdale LIRR, 9-min drive to Farmingdale Main Street shops and restaurants).
Come see what this outstanding home and Viceroy Estates have to offer!
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| Oct 2, 2023 | Sold | ||
| Sold | |||
| Jul 26, 2023 | In contract | - | |
| In contract | |||
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About South Farmingdale
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$5,000 /mo
- 3 Beds
- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017