46
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232 Locust Street
About This Property
The Main Level: From the moment you step into the inviting foyer, you'll notice the beautifully sanded and stained hardwood floors. The extra-large living room provides an expansive space for relaxation, leading seamlessly into a formal dining room. The heart of the home is the updated eat-in kitchen, featuring sleek granite countertops, stainless steel appliances, and a bright breakfast nook. Sliding glass doors open directly to your private outdoor oasis.
The Second Floor & More: The second floor features three spacious bedrooms, all boasting brand-new carpeting and a fully renovated full bathroom. For even more space, the walk-up finished attic offers incredible storage, while the finished basement serves as an ideal retreat, complete with a built-in bar, separate laundry area, and utility room.Modern Comforts & Updates: Every detail has been handled for you, including ductless A/C units in every room for personalized climate control, a roof that is only four years old, and a powder room on the first floor for guests.Exterior & Location: Step outside to a brand-new Trex deck overlooking the backyard-perfect for summer gatherings. The property also includes a storage shed, a sprinkler system, and a large driveway with space for up to four vehicles. Commuting is a breeze, located just 0.2 miles from the train station and minutes away from shopping and all major transportation.
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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 |
|---|---|---|---|
| Aug 11, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Listed by Compass Greater NY LLC | $765,000 | |
| Listed by Compass Greater NY LLC | |||
| Oct 28, 2022 | In contract | - | |
| In contract | |||
| Aug 5, 2022 | Listed by Keller Williams Realty Greater | $699,000 | |
| Listed by Keller Williams Realty Greater | |||
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About Valley Stream
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017