34 Florence Avenue
About This Property
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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.
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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 |
|---|---|---|---|
| Aug 25, 2023 | Sold | ||
| Sold | |||
| Oct 3, 2023 | Sold | ||
| Sold | |||
| Aug 25, 2023 | Sold | ||
| Sold | |||
| Jul 8, 2023 | In contract | - | |
| In contract | |||
| Jun 20, 2023 | Listed by Douglas Elliman Real Estate | $699,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Looks can be deceiving! Welcome to this exquisite Custom Designed Contemporary, Expanded Ranch nestled on a generous .23-acre corner lot within Smithtown School District. Prepare to be amazed as this home has undergone a complete renovation, showcasing numerous updates throughout. Step inside and be greeted by a grand entrance adorned with stunning porcelain floors that flow seamlessly throughout the entire residence.The master bedroom is a true retreat, offering ample space, and an abundance of closet space.Three additional well-appointed bedrooms and two updated full bathrooms provide comfort and convenience for the entire family. The formal living room features an inviting electric fireplace, creating a cozy ambiance for relaxing evenings. The updated eat-in kitchen boasts elegant quarts countertops, while the formal dining room offers picturesque views of the backyard oasis. Unwind in the oversized family room, which seamlessly connects to the expansive Trex decking. Here, you'll discover a world of entertainment possibilities, including an above-ground pool, a convenient bar area, and two sheds. Home features two grand fireplaces, one electric, and the other propane. The meticulously designed outdoor landscape adds a touch of surreal beauty to the surroundings. This remarkable home also offers plenty of attic space and a convenient laundry room. Don't let this opportunity slip away! Schedule a showing today and seize the chance to make this spectacular property your own.
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About Smithtown
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017