2 Rawlings Drive
About This Property
Offering 5 spacious bedrooms and 3.5 bathrooms, this home is designed for comfortable living and effortless entertaining. The main level features a bright and welcoming foyer when you enter the home. A desirable open-concept floor plan features a sun-filled living room with a cozy fireplace, a formal dining room, and a generously sized eat-in kitchen enhanced by natural light.
The primary suite is conveniently located on the main floor and offers privacy and comfort, while three additional bedrooms and ample closet space complete the first level. The finished lower level expands the living space with a fifth bedroom, a full bathroom, abundant storage, and endless possibilities for a guest suite, home office, recreation room, or extended living quarters.
Step outside to your own private backyard oasis. The beautifully paved yard is designed for entertaining and relaxation, featuring a heated in-ground pool, a hot tub, along with lush mature trees that provide privacy and tranquility.
Combining spacious living, thoughtful renovations, exceptional storage, resort-style outdoor amenities, and a prime Melville location, this remarkable home offers the perfect blend of comfort, elegance, and lifestyle.
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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 |
|---|---|---|---|
| Jul 16, 2026 | Price Decreased |
$1,499,900
↓ $99K
(6.2%) | |
| Price Decreased | |||
| Jun 25, 2026 | Listed by Real Broker NY LLC | $1,599,000 | |
| Listed by Real Broker NY LLC | |||
| Oct 24, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Oct 11, 2025 | Price Decreased |
$1,599,900
↓ $49K
(3%) | |
| Price Decreased | |||
| Oct 1, 2025 | Price Decreased |
$1,649,000
↓ $50K
(2.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017