249 Mckinley Drive
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.
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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 |
|---|---|---|---|
| Oct 10, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Sep 28, 2025 | Price Increased |
$480,000
↑ $55K
(12.9%) | |
| Price Increased | |||
| Sep 20, 2025 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Jul 15, 2025 | Listed by Signature Homes of New York | $449,999 | |
| Listed by Signature Homes of New York | |||
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Nestled on a serene, tree-lined street in the heart of Mastic Beach, this charming ranch-style home offers a warm, inviting atmosphere and easy access to some of Long Island’s best coastal and countryside attractions. With three bedrooms, one bathroom, hardwood floors, enhanced by tasteful updates like fresh flooring in the family room and a recently painted kitchen that brings a bright, modern touch to daily living. Step inside to discover a comfortable, open floor plan featuring a combined living and dining area complete with a classic fireplace—a perfect spot for gatherings—and a convenient eat-in kitchen that caters to both casual breakfasts and intimate dinners. Adjacent to the main living area, you'll find a charming den that adapts effortlessly to family use, an at-home office, or creative retreat. The unfinished full basement presents abundant potential for customization, whether you’d like to add storage, a workshop, a recreation space, or create a full lower-level living suite . Outside you have a nice sized yard, freshly equipped with a new roof, a shed for extra storage, and a private driveway for ample off-street parking. The lot affords plenty of yard space for gardening, play, or future outdoor living enhancements. Built in 1962, the home is solidly constructed with vinyl siding and frame construction and is equipped with oil-fired baseboard heating and window-unit cooling for a pleasant indoor environment year-round. You’ll benefit from low taxes annually and low monthly housing costs, making this an accessible entry into homeownership. Situated just moments from Smith Point County Park and the area’s picturesque beaches, you’re also a short drive from renowned wineries, farms, and local amenities, striking an ideal balance between weekend adventures and peaceful residential living. This is an excellent opportunity for first-time buyers, those downsizing, or anyone eager to invest in a home with character and room to grow. Don’t miss your chance to call this house your home—where comforting charm, coastal convenience, and future potential come together in one delightful package.
Key Details:
• 3 bedrooms, 1 bath ranch-style home with hardwood floors
• Eat-in kitchen, combined living/dining room, cozy den
• Fireplace, fresh upgrades, unfinished walk-out basement
•Updated 200 amp Electric, New roof, shed, private driveway, fenced yard on a generous lot
• Convenient to Smith Point Beach, wineries, farms and schools.
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| Nov 4, 2022 | Sold | ||
| Sold | |||
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About Mastic Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,500 /mo
- 3 Beds
- 1 Bath
- 975 ft²
$4,000 /mo
- 4 Beds
- 2 Baths
- 968 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017