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32 Arbor Road
About This Property
This expanded ranch features a desirable main-level primary suite, providing ease and comfort. The vast, unfinished attic presents exciting possibilities-imagine transforming it into two additional bedrooms and a full bathroom to perfectly suit your needs. The full, unfinished basement offers even more space to customize and make your own. Plus, gas is readily available on the street for added convenience.
As a resident of East Hills, you'll enjoy exclusive membership to the renowned East Hills Park, complete with its pool, tennis courts, fitness center, and year-round events. Whether you're looking to renovate or build new, this property is your blank canvas in one of Long Island's most desirable neighborhoods. Don't miss this chance to create something truly special! Home is being sold as is. Closing late August 2026.
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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 |
|---|---|---|---|
| Sep 1, 2026 | Sold | ||
| Sold | |||
| Feb 7, 2026 | In contract | - | |
| In contract | |||
| Jan 13, 2026 | Listed by Compass Greater NY LLC | $1,299,000 | |
| Listed by Compass Greater NY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017