16 Edgar Drive
About This Property
The flexible lower level offers additional living space, including a den with its own entrance to the backyard ideal for additional living space or a home office providing plenty of options to suit your needs. Outside, the fully fenced, expansive backyard offers tremendous potential, with plenty of room for a pool, patio, outdoor kitchen and entertaining area while mature plantings include a peach tree, fig tree and grapevines adding to the charm of this property.
Garage with abundant storage and ample driveway parking add even more convenience. With its half-acre property, flexible living space, important updates, low taxes and desirable Smithtown location, this home offers a fantastic opportunity!
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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 |
|---|---|---|---|
| Sep 11, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Aug 20, 2026 | Listed by Signature Premier Properties | $749,000 | |
| Listed by Signature Premier Properties | |||
| Sep 27, 2016 | Sold | ||
| Sold | |||
| Apr 5, 2016 | Listed by Signature Premier Properties | $345,000 | |
| Listed by Signature Premier Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017