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Fire Island 11770 Ocean Beach
187 Cottage
Photo of 187 Cottage

27

Map

Photo of 187 Cottage
Photo of 187 Cottage
$1,700,000
● House - Off Market

187 Cottage

Islip, NY 11770
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,729 Ft²
$9,459
Est. Monthly

About This Property

This Open and Spacious home in the heart of Ocean Beach blends the best of Coastal living with modern updates including newly renovated kitchen, new flooring throughout the home, maintenance free decks and siding.  Best of all, the Home is winterized for year round enjoyment. This 2 story home offers plenty of space with 2 bedrooms and a full bath on each floor.  The First Floor is Open Concept with a recently renovated kitchen, spacious living room with wood burning fireplace and dining room. In addition, there are 2 decks, one in the front of the home and a large deck spanning the length of the house with outdoor shower, BBQ, and lots of room to entertain.  The second floor has a primary suite and walk in closet with its own entrance to the full bath.  The washer and dryer are conveniently located in the second floor bath. The home is a great investment property with strong rental demand.
Unit Size
1,729 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$983
Property Type
House
Property Taxes
$1,111
HOA Dues
-
Year Built
2001

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 months ago (OneKey MLS #KEY1017437)

Price History

Date / Event Date Event Price
Jul 19, 2026 Withdrawn -
Withdrawn
Jun 23, 2026 Listed by James A Netter Real Estate Inc $1,700,000
Listed by James A Netter Real Estate Inc
Jan 24, 2022 Sold
Premium
Sold
Dec 22, 2021 Sold
Premium
Sold
Oct 22, 2021 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,920
  • Lot Size Depth Feet: 840
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,729
  • Building Area: 1,729
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,729
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000090
  • Standard Land Use Code: 1012
  • County Land Use Code: 260
  • Legal Description 1: X2233726Y154738 N H00000000

Neighborhood

  • School District Name: Fire Island Union Free School District
  • School Tax School District: FIRE ISLAND
  • Census Tract: 147004

Zoning

  • Zoning: NULL

Geography

  • District: 0502-0
  • Section: 50.200
  • Parcel: 0502-001.00-02.00-058.001
  • Block: 1000
  • Lot: 200.058
  • Municipality: ISLIP
  • Latitude: 40.6473
  • Longitude: -73.1573

    Address

  • Full Address: 187 Cottage Walk
  • Address - House Number: 187
  • Address - Street Name: Cottage
  • Address - Suffix Type: Walk
  • State: NY
  • City Name: Ocean Beach
  • Zip Code: 11770

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,092,934
  • Tax Rate Code Area: 472814

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 1,346,822
  • High Value: 1,669,159
  • Low Value: 1,024,485

    Market Valuation

  • Market Total Value: $1,107,817
  • Market Land Value: $404,313
  • Market Improvement Value: $703,504

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,200
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $52,200

    Sales

  • Current Sale Contract Date: Dec 21, 2021
  • Current Sale Recording Date: Jan 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 22, 2005
  • Previous Sale Contract Date: Sep 12, 2005
  • Previous Sale Amount: $950,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Fire Island

Stats & Trends

Median Asking:

$1,585,000

Sale Price/ft²

$1,136

Above Asking

15.12%

Average Days on Market

95

Average Home Size

1626 ft²

Average Home Age

54.3 years

Currently For Sale

75 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 3 Erie Street, Ocean Bay Park, NY, 11770

$10,000 /mo

  • 4 Beds
  • 3 Baths
  • 3,000 ft²
3 Erie Street, Ocean Bay Park, NY, 11770 Listing by Helene Stransky CBR
Unit for rent at 57 Juniper Avenue, Seaview, NY, 11770

$8,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
57 Juniper Avenue, Seaview, NY, 11770 Listing by Helene Stransky CBR
Unit for rent at 12 Seneca Street, Brookhaven, NY, 11770

$8,000 /mo

  • 4 Beds
  • 1 Bath
12 Seneca Street, Brookhaven, NY, 11770 Listing by Lisa Campbell

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 187 Cottage Walk built and last sold?
The property at 187 Cottage Walk was built in 2001 and last sold on Dec 21, 2021 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 187 Cottage Walk is $1,734,850.
What are some comparable homes to 187 Cottage Walk?
There are currently no comparable homes to 187 Cottage Walk.
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