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Greenport 11944
237 5th Avenue
Photo of 237 5th Avenue
Sold on Jul 24, 2025

17

Map

Photo of 237 5th Avenue
Photo of 237 5th Avenue
$1,250,000
● House - Off Market

237 5th Avenue

Southold, NY 11944
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,700 Ft²
$7,107
Est. Monthly
12.00%
Cap Rate

About This Property

Beautifully renovated Cape in the heart of Greenport Village, offering an elegant and bright living space. The timeless kitchen and dining area overlook a quaint and private backyard and patio. The home features a spacious primary bedroom, two guest rooms, and a vibe of sophistication without pretension. Exceptional carpentry and woodworking are showcased throughout. A large garage/workshop/storage space provides additional opportunities. Just a short distance to Greenport's restaurants, shops, beaches, and the LIRR.
Unit Size
1,700 Ft²
Days on Market
108 days
Land Size
0.12 acres
Price per sqft
$762
Property Type
House
Property Taxes
$747
HOA Dues
-
Year Built
-

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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: 2 years ago (OneKey MLS #KEY845400)

Price History

Date / Event Date Event Price
Jul 24, 2025 Sold
Premium
Sold
Jun 16, 2025 In contract -
In contract
Jun 3, 2025 Price Decreased $1,295,000
↓ $130K (9.1%)
Price Decreased
Apr 7, 2025 Listed by Compass Greater NY LLC $1,425,000
Listed by Compass Greater NY LLC
Sep 20, 2024 Delisted -
Delisted
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • 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: 5,227
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: BOOK 12511 PAGE 170 BILL 000490

Neighborhood

  • School District Name: Greenport Union Free School District
  • School Tax School District: GREENPORT
  • Census Tract: 170101

Geography

  • Account Number: 20
  • District: 1001-0
  • Section: 4.00
  • Parcel: 1001-004.00-04.00-032.000
  • Block: 4
  • Lot: 32.000
  • Municipality: SOUTHOLD
  • Latitude: 41.1022
  • Longitude: -72.3664

    Address

  • Full Address: 237 5th Ave
  • Address - House Number: 237
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Greenport
  • Carrier Code: C002
  • 4-Digit Zip Code: 1505
  • Zip Code: 11944

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $672,111
  • Tax Rate Code Area: 473810

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 1,059,123
  • High Value: 1,312,604
  • Low Value: 805,641

    Market Valuation

  • Market Total Value: $8,596
  • Market Land Value: $526
  • Market Improvement Value: $8,070

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,900
  • Assessed Land Value: $300
  • Assessed Improvements Value: $4,600

    Sales

  • Current Sale Contract Date: Oct 18, 2001
  • Current Sale Recording Date: Apr 18, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
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 Greenport

Stats & Trends

Median Asking:

$1,447,000

Sale Price/ft²

$779

Below Asking

0.02%

Average Days on Market

101

Average Home Size

1870 ft²

Average Home Age

103 years

Currently For Sale

13 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 446 6th Street, Greenport, NY, 11944

$16,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,400 ft²
446 6th Street, Greenport, NY, 11944 Listing by Bridget Elkin
Unit for rent at 242 Maple Lane, Greenport, NY, 11944

$15,000 /mo

  • 4 Beds
  • 3 Baths
  • 3,400 ft²
242 Maple Lane, Greenport, NY, 11944 Listing by Diane M. Mollica
Unit for rent at 465 Tarpon Drive, Southold, NY, 11971

$14,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,572 ft²
465 Tarpon Drive, Southold, NY, 11971 Listing by Marie Bransfield

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 237 5th Avenue built and last sold?
The property at 237 5th Avenue was built in and last sold on Oct 18, 2001 for $6,704.
How much is this home worth?
The estimated value of the home located at 237 5th Avenue is $1,305,006.
What are some comparable homes to 237 5th Avenue?
There are currently no comparable homes to 237 5th Avenue.
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