41
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24 Forrest Drive
About This Property
The open floor plan blends the living and dining areas, boasting a dramatic wall of windows and glass sliders that frame views of the property's mature trees and flowering gardens, which lead to a spacious deck ideal for relaxing or entertaining. The updated eat in kitchen is equipped with quartz countertops, stainless steel appliances, and a marble backsplash with center island.
First level of the main home also includes 3 bedrooms and full bathroom with oversized marble shower with linear drain. The walk-out lower level includes a 4th bedroom with spacious walk-in closet, bonus room, full bathroom with deep soaking tub, and laundry room with storage and utilities. The legal cottage features living room with fireplace, kitchenette, full bathroom, and 5th bedroom with fenced in area. Lush property provides an abundance of privacy, mature trees and usable land. Nature's lovers dream with easy access to Caumsett State Park and Target Rock Wildlife Refuge. Less than 1/2 mile to Lloyd Neck Estates sound side community beach with playground and kayak storage. Only .7 mile to the Lloyd Neck Estates private dock with kayak storage, boat launch, & private mooring field in Lloyd Harbor. Lloyd Neck Estates Association Dues $1350/annually. Newer septic system & cesspool, plumbing, electric, roof/gutters, driveway, central AC, 22KW Generac generator, furnace, hot water heaters and so much more!
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Cap Rate Calculator
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 | Sold | ||
| Sold | |||
| Apr 7, 2026 | In contract | - | |
| In contract | |||
| Mar 17, 2026 | Listed by Serhant East End LLC | $1,430,500 | |
| Listed by Serhant East End LLC | |||
| Oct 9, 2023 | In contract | - | |
| In contract | |||
| Sep 27, 2023 | Listed | $1,495,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017