164 Rider 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.
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 9, 2024 | Sold | ||
| Sold | |||
| Jul 31, 2024 | In contract | - | |
| In contract | |||
| Jun 17, 2024 | Listed by Signature Premier Properties | $699,999 | |
| Listed by Signature Premier Properties | |||
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Pristine storybook Cape, newly renovated, down to studs including roof and septic system. Gorgeous open floor allows for plenty of entertaining a massive living room big enough to house a baby grand piano and holiday company, spacious dining room with white washed fireplace (fireplace/chimney refurbished) and a kitchen built for a culinary experience. Stunning Cambia Quartz countertops, 6 burner gas stove with pot filler & custom hood, farm sink, and custom cabinetry with center island and stainless steel appliances. On the first level you will also find a renovated full guest bath with marble vanity. Additionally on the first level you will find a properly appointed primary bedroom with walk in closet and spa like bathroom complete with an oversized shower with subway tile and a custom glass door. Upstairs you will find 2 generous sized bedrooms. A complete renovation in 2022 included a new roof, new state of the art septic system, electric, high hats, sheetrock, refurbished fireplace/chimney, new back deck, new Anderson windows in kitchen, (Pella/Anderson windows in the remainder of the house) new flooring thru out, new sump pump in basement, 2 new baths, and custom kitchen. All the big ticket items have been done. Located in the village of Patchogue, this is your opportunity to be a part of a dynamic community. Enjoy all the village has to offer, downtown, the waterfront, fire island ferries, community pool and close to the LIRR.
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| Jul 21, 2021 | Sold | ||
| Sold | |||
| Jun 8, 2021 | In contract | - | |
| In contract | |||
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About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017