18 Franklin Street
About This Property
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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 |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Apr 19, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Listed by Howard Hanna Coach | $605,000 | |
| Listed by Howard Hanna Coach | |||
| |||
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Welcome to this beautifully maintained 3-bedroom ranch, offering warmth, charm, and modern convenience in a prime Islip location!
Step into a bright and inviting open living area, complete with a cozy wood-burning fireplace—perfect for entertaining and relaxing. The spacious dining room flows seamlessly into the eat-in kitchen, which is fully equipped with stainless steel appliances, ample counter space, and generous storage. A convenient side door provides easy access to the dog run.
Each of the three sunlit bedrooms offers a comfortable retreat, while the finished basement—with its own outside entrance—adds valuable additional living space, ideal for a family room, home office, or recreational area.
The backyard is designed for outdoor enjoyment, featuring a lush lawn, a patio perfect for grilling, and plenty of space for entertaining. Additional highlights of this home include: Central air conditioning, alarm system, Anderson windows, updated vinyl siding, 200-amp electric service, shed with electricity, and In-ground sprinklers.
Conveniently located near shopping, dining, and entertainment, this home is a must-see! Don’t miss your chance to make this charming ranch your own—schedule a showing today!
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| May 16, 2024 | Sold | ||
| Sold | |||
| Mar 21, 2024 | In contract | - | |
| In contract | |||
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About Islip
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017