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351 Atlantic Street
About This Property
with modern finishes as well as newly updated 1.5 baths. The home features a bright and
comfortable living room with sliding door to new paver patio and yard. The partial basement is ideal for storage, recreation, or a home workshop. The new boiler provides peace of mind for years to come. Outside, you'll find a newly paved double driveway leading to a one-car attached garage. The charming updated barn offers two 12 x 12 in & out stalls and plenty of space for additional storage or hobbies. The original barn is still on the property for additional stalls. The patio is perfect for relaxing or entertaining. Every detail has been thoughtfully updated, making this home truly move-in ready and a rare opportunity.
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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 |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| May 28, 2026 | In contract | - | |
| In contract | |||
| May 16, 2026 | No longer available | - | |
| No longer available | |||
| Dec 30, 2025 | Price Decreased |
$639,000
↓ $60K
(8.6%) | |
| Price Decreased | |||
| Nov 26, 2025 | Listed by Redfin Real Estate | $699,000 | |
| Listed by Redfin Real Estate | |||
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About Central Islip
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017