295 5th Street
About This Property
Outdoors, discover a tranquil retreat designed for both relaxation and gatherings, complete with a deck and patio surrounded by lush greenery. Recent upgrades elevate the home's value and efficiency, including a new roof, energy-efficient gas heating system, tankless hot water heater, repaved driveway, and elegant paver front walkway.
Ideally situated near pristine local beaches, shopping, dining, Stony Brook University, and the Medical Center, this home also enjoys the benefit of being in the Smithtown School District. A rare opportunity to enjoy a refined lifestyle in a truly convenient location.
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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 |
|---|---|---|---|
| Dec 10, 2025 | Sold | ||
| Sold | |||
| Oct 24, 2025 | In contract | - | |
| In contract | |||
| Sep 26, 2025 | Price Decreased |
$699,000
↓ $30K
(4.1%) | |
| Price Decreased | |||
| Aug 28, 2025 | Listed by Daniel Gale Sothebys Intl Rlty | $729,000 | |
| Listed by Daniel Gale Sothebys Intl Rlty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017