1663 N Thompson Drive
About This Property
If you've been searching for a home you can truly make your own - here it is. 1663 N Thompson Dr offers a rare chance to buy below market value and unlock its full potential. At approximately 928 square feet on the main level, it's the perfect balance of manageable size and flexible space. Yes, it needs some TLC - but with a little vision, patience, and the right renovation financing (a 203k loan would be perfect), you could transform this into something truly special: a home designed by you, in one of Bay Shore's most convenient locations.
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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 |
|---|---|---|---|
| Jun 17, 2026 | Sold | ||
| Sold | |||
| Dec 13, 2025 | In contract | - | |
| In contract | |||
| Nov 21, 2025 | Relisted | $450,000 | |
| Relisted | |||
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Nov 10, 2025 | Price Decreased |
$450,000
↓ $49K
(9.8%) | |
| Price Decreased | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017