20
Map
31 Craig Road
About This Property
The property offers potential for a legal accessory apartment if proper permits are obtained -an excellent opportunity for extended family or supplemental income. Situated on a fenced corner lot near Connetquot State Park, the grounds are enhanced by mature landscaping, including fig and peach trees, an irrigation system, and ample space for a pool or personalized outdoor retreat.
Notable upgrades and features include: Andersen windows and sliding door, Newer bathrooms and freshly painted interior, 2024 Rheem water heater and efficient gas burner, young roof and Belgium block-lined concrete driveway, covered paver entry for added curb appeal, Hi-hat LED lighting, stainless steel appliances and generous storage options.
This home offers both comfort and convenience with access to shopping, schools, parks, and public transportation.
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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 |
|---|---|---|---|
| Jan 7, 2026 | Sold | ||
| Sold | |||
| Oct 16, 2025 | In contract | - | |
| In contract | |||
| Sep 3, 2025 | Listed by Keller Williams Realty Elite | $725,000 | |
| Listed by Keller Williams Realty Elite | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017