2 Otis Road
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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 |
|---|---|---|---|
| Dec 17, 2025 | Sold | ||
| Sold | |||
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Listed by Eileen A Green Realty Corp | $495,000 | |
| Listed by Eileen A Green Realty Corp | |||
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Completely renovated in 2023, this gem blends modern comfort with cozy charm. Situated on a lush quarter-acre, the home offers coveted rights to the private Community Beach Association-including access to boat launch, beach and playground. Inside, you'll find a bright open floor plan with two bedrooms and one full bath. The home boasts hardwood floors, radiant heated bath flooring, wood moldings, and all new electric and plumbing throughout. Enjoy year- round comfort with 3 mini splits for heating and cooling, plus a wood burning stove for cozy winter nights.
Step outside to a large, fenced backyard with a beautiful brick patio-perfect for summer gatherings, BBQ's or quiet relaxation. The detached garage provides additional storage and parking. This move-in ready home truly has everything new-inside and out. Don't miss your chance to enjoy the perfect coastal lifestyle.
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| Dec 15, 2023 | Sold | ||
| Sold | |||
| Nov 10, 2023 | In contract | - | |
| In contract | |||
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About East Patchogue
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$2,300 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017