36
Map
38 Cedar Street
About This Property
Known to longtime locals as "The Paint Box" pre-school, this iconic 1904 Craftsman home in the heart of Stony Brook sits on nearly an acre of beautifully landscaped grounds, offering a true retreat complete with a heated in-ground pool, natural rock waterfall, pickleball court, and lush gardens that provide both color and privacy.
Offering five to six bedrooms and three and a half baths, this timeless residence combines history, comfort, and modern convenience-all within close proximity to the LIRR, Stony Brook University, and the Port Jefferson ferry.
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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 |
|---|---|---|---|
| Feb 10, 2026 | Sold | ||
| Sold | |||
| Dec 17, 2025 | In contract | - | |
| In contract | |||
| Aug 13, 2025 | Listed by Daniel Gale Sothebys Intl Rlty | $1,500,000 | |
| Listed by Daniel Gale Sothebys Intl Rlty | |||
| Aug 8, 2025 | No longer available | - | |
| No longer available | |||
| Jul 3, 2025 | Price Decreased |
$1,649,990
↓ $150K
(8.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017