246 Fairharbor Drive #246
About This Property
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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%.
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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 |
|---|---|---|---|
| Sep 1, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Aug 14, 2026 | Price Decreased |
$215,000
↓ $5K
(2.3%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by E Realty International Corp | $220,000 | |
| Listed by E Realty International Corp | |||
| |||
|
Welcome to 246 Fairharbor Drive, Patchogue! Beautifully renovated first-floor co-op located in the desirable Fair Harbor Waterfront Community. This move-in-ready home offers approximately 500 SF of comfortable living space featuring 1 bedroom, 1 full bath, a bright and functional layout, renovated kitchen and bath, fresh paint, and ample storage.
HOA includes WiFi, Cable TV, Heat, and Water, providing exceptional value and low-maintenance living. Pet-friendly community.
Enjoy resort-style waterfront amenities including kayak and paddleboard storage, BBQ and picnic areas, beautifully landscaped grounds, and private boat slips available for an additional fee.
Conveniently located just minutes from vibrant Patchogue Village, offering award-winning restaurants, shopping, entertainment, marinas, Fire Island Ferry, LIRR station, and major roadways.
Whether you’re a first-time homebuyer, downsizing, or looking for a weekend getaway, this affordable waterfront community offers the perfect combination of convenience, recreation, and coastal living.
Move-in ready—don’t miss this opportunity!
| |||
| May 9, 2023 | Sold | ||
| Sold | |||
| Mar 9, 2023 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/02/2026
|
1 Bed
|
1 Bath
|
500 ft²
|
$220,000
1 Bed
1 Bath
500 ft²
|
-
-
|
Zhen M. Chen
Keller Williams Rlty Landmark
| |
|
08/25/2022
|
1 Bed
|
1 Bath
|
-
|
$195,000
1 Bed
1 Bath
|
$175,000
-10.26%
05/09/2023
|
Joyce Koesterer
Signature Premier Properties
| |
|
10/10/2014
| |
1 Bed
|
1 Bath
|
-
|
$50,000
1 Bed
1 Bath
|
$52,000
+4.00%
03/16/2015
|
Richard E. Fox
Universal Home Sales LLC
|
Building Info
About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017