32 E 7th Street
About This Property
The main living room features cathedral ceilings that enhance the sense of openness and height, along with a wood burning fireplace that adds natural warmth and ambiance. Sunlight filters through the home from its two skylights, highlighting the scale of the ceilings and the flow of the layout. The kitchen is equipped with newer appliances and offers a functional workspace with built-in eat-in area. Comfort is maintained year-round with forced air heating and central air conditioning.
Additional interior features include a full unfinished basement providing storage or workshop space, as well as a scuttle attic for convenient overhead access. The property also includes an attached 1.5-car garage, accommodating both parking and storage needs.
The lot provides room for outdoor use, with a footprint that complements the home's layout and garage placement. The frame-built design reflects the home's sturdy construction while maintaining the single-level convenience of a ranch.
Situated close to downtown Patchogue, the property offers access to shopping, dining, and local amenities. The Long Island Rail Road is also nearby, providing transportation options for commuting or travel throughout the region.
This residence combines a practical layout, established construction, and a location within Patchogue Village that provides both neighborhood character and convenience to community resources.
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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 |
|---|---|---|---|
| Nov 4, 2025 | Sold | ||
| Sold | |||
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Listed by Douglas Elliman Real Estate | $525,000 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017