28 Florence Avenue
About This Property
From the moment you arrive, the home makes an impression with its charming exterior facade combining classic brick, enduring frame, authentic shake, and modern vinyl siding. Set on a fully fenced 5,440-square-foot parcel, the grounds provide privacy, security, and immediate curb appeal. The property features an attached garage alongside an expansive private driveway and carport area providing parking accommodations for multiple vehicles.
Step inside through an inviting entrance foyer to discover a bright, airy interior defined by high ceilings, elegant chandeliers, recessed lighting, and energy-efficient design, including ENERGY STAR qualified doors. The main level showcases an open-concept flow seamlessly connecting formal and casual living spaces. Entertain with ease in the formal dining room or gather in the dining area adjacent to the open chef's kitchen. Outfitted with generous cabinetry, a walk-in pantry, a breakfast bar, and comprehensive modern appliances-including a gas range, oven, microwave, dishwasher, and refrigerator-this eat-in culinary space is designed to handle everything from morning coffee to large holiday dinners.
The home's accommodation options are extensive and thoughtfully designed. The main level hosts a primary bedroom retreat complete with a private en-suite bathroom, alongside an additional first-floor bedroom and full bathroom for single-level convenience. Across the home's multi-level footprint, each bedroom provides ample closet space and easy access to dedicated baths. An in-law suite layout and dedicated home office space deliver unmatched versatility, whether accommodating multi-generational living arrangements or creating a quiet, productive remote work environment. A partial attic and convenient washer/dryer hookups complete the interior utility.
Step out back into your own private waterfront sanctuary. Boasting direct water access, an ocean access bulkhead, and front-row water views, this property is a boater's dream. Enjoy easy access to open bays and the Atlantic Ocean right from your backyard, perfect for boating, paddleboarding, fishing, or simply unwinding against the tranquil backdrop of the canal. The fully fenced perimeter ensures complete peace of mind, supported by pre-installed security systems, video surveillance, and fire safety systems.
Year-round interior climate control is provided by an efficient dual heating system featuring both baseboard hot water and forced air, paired with central air conditioning. The home is connected to all municipal utilities, including public sewer, natural gas, and electricity.
Centrally located within the Freeport School District-served by Leo F. Giblyn Elementary, John W. Dodd Middle School, and Freeport High School-this property offers rapid proximity to local parks, the Nautical Mile's renowned dining and entertainment strip, shopping corridors, and the Long Island Rail Road for straightforward commuting into Manhattan.
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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.
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About Freeport
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017