194 Fairharbor Drive #194
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 14, 2025 | Sold | ||
| Sold | |||
| Feb 1, 2025 | In contract | - | |
| In contract | |||
| Jan 10, 2025 | Relisted | $265,000 | |
| Relisted | |||
| Jan 3, 2025 | In contract | - | |
| In contract | |||
| Dec 30, 2024 | Price Decreased |
$229,000
↓ $20K
(8%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/16/2024
|
1 Bed
|
1 Bath
|
-
|
$249,000
1 Bed
1 Bath
|
$225,000
-9.64%
05/14/2025
|
Gina Ferraro
Anchor Real Estate of L I Inc
| |
|
06/12/2023
|
1 Bed
|
1 Bath
|
-
|
$255,000
1 Bed
1 Bath
|
$265,000
+3.92%
09/01/2023
|
James Hogan
All In 1 Realty Services LLC
| |
|
07/23/2020
| |
1 Bed
|
1 Bath
|
-
|
$189,000
1 Bed
1 Bath
|
$189,000
11/19/2020
|
Ryan Rezinas
Signature Premier Properties
|
|
10/05/2015
|
1 Bed
|
1 Bath
|
-
|
$83,000
1 Bed
1 Bath
|
$1,150
-98.61%
02/16/2016
|
Joanne D. McCullen
Coldwell Banker M&D Good Life
|
Building Info
About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017