369 Central Avenue
About This Property
The upper level features three bedrooms and a full bathroom, while the main living level offers a living room, dining room, and kitchen. The next level includes a large family room and second full bathroom, and the lowest level provides a finished den along with a separate utility area.
Additional features include updated electric, energy-efficient mini-split units, oil heat with an above-ground tank, in-ground sprinklers, and natural gas already in the home, providing added flexibility for future conversions.
Conveniently located within walking distance of May Moore Elementary School and close to the Long Island Rail Road, Long Island Expressway, and Southern State Parkway. Enjoy plenty of nearby shopping along Deer Park Avenue and at Tanger Outlets, plus easy access to the vibrant downtown areas of Farmingdale, Lindenhurst, Babylon, and Bay Shore-all approximately 15 minutes away and offering an abundance of restaurants, nightlife, and entertainment.
With its oversized outdoor space and separately deeded adjacent lot, this property presents a rare opportunity for backyard enthusiasts or buyers interested in exploring the potential for additional structures or future use of the lot. Buyers should independently verify all permitted uses and development possibilities with the Town. Taxes on the adjacent lot are just $808 per year.
A unique property with tremendous space, flexibility, and potential-this is one you won't want to miss!
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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 5, 2026 | In contract | - | |
| In contract | |||
| Aug 28, 2026 | Price Increased |
$709,999
↑ $20K
(2.9%) | |
| Price Increased | |||
| Aug 9, 2026 | Listed by Keller Williams Realty Elite | $689,999 | |
| Listed by Keller Williams Realty Elite | |||
| Jan 21, 2016 | Sold | ||
| Sold | |||
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About Deer Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017