287 6th Avenue
About This Property
This 3-bedroom, 1.5-bath home sits on a generous quarter-acre lot and features classic hardwood floors throughout as well as a 200-amp electrical system and central air. The layout offers effortless single-level living, making it an ideal option for first-time buyers, downsizers, or anyone seeking simplicity without compromise. A large garage adds both convenience and storage, and the yard has room to entertain.
The home's full, unfinished basement provides approximately 800 square feet of additional space - a blank canvas ready to be transformed into a home gym, media room, office, or extended living area tailored to your lifestyle.
Located within the highly regarded Smithtown School District, this home also delivers exceptional proximity to everything you need. Just minutes away, you'll find the vibrant shops and restaurants along Lake Ave, as well as major retail destinations like Smith Haven Mall, Whole Foods, and Trader Joe's, and much more, making everyday errands and weekend outings limitless.
For commuters, the nearby St. James train station offers convenient access to New York City. And for those who value coastal living, you're just a short 10-minute drive to some of Long Island's beautiful North Shore beaches.
Whether you're looking to move right in or create your dream space over time, this is an excellent opportunity to own a home in one of Long Island's most desirable communities.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 29, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Listed by Compass Greater NY LLC | $675,000 | |
| Listed by Compass Greater NY LLC | |||
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About St. James
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017