296 Bay Avenue
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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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Mar 18, 2026 | Listed by Leisure Living Realty Inc | $439,000 | |
| Listed by Leisure Living Realty Inc | |||
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Welcome to this charming and quaint 2-bedroom, 1-bath ranch nestled in Patchogue Village. This light-filled home offers the perfect blend of modern updates and cozy character, featuring wood floors and an abundance of natural light from its many windows. The home has been thoughtfully updated with a new roof (2023), a brand new front porch, and a renovated bathroom. Inside, you’ll find fresh paint all throughout, and updated doors including a new front door as well as new bedroom and bathroom doors, giving the space a clean and refreshed feel. The kitchen is equipped with stainless steel appliances, new recessed lighting and the convenience continues with a Whirlpool washer and dryer. Step outside to enjoy a clean, open backyard—ideal for entertaining or simply unwinding. Located less than half a mile to Shorefront Park and Great South Bay and just minutes from local shops, restaurants, parks, the train, and the ferry, this home offers both comfort and convenience in a vibrant village setting.
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| Jul 31, 2018 | Sold | ||
| Sold | |||
| May 12, 2018 | Listed by Realty Connect USA L I Inc | $270,000 | |
| Listed by Realty Connect USA L I Inc | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017