38 Loretta Drive
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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%.
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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.
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 |
|---|---|---|---|
| Oct 9, 2025 | Sold | ||
| Sold | |||
| Aug 11, 2025 | In contract | - | |
| In contract | |||
| Aug 4, 2025 | Listed by Prospes Real Estate Corp | $1,098,000 | |
| Listed by Prospes Real Estate Corp | |||
| Aug 1, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jul 8, 2025 | Listed by Voro LLC | $1,090,000 | |
| Listed by Voro LLC | |||
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Charming Split-Level Home in Syosset, Beautifully Renovated With Vaulted Ceilings* **Main Level** This sunlit open-concept space is perfect for entertaining, featuring a vaulted ceiling in the living area, dining room, and kitchen that lead to a bi-level deck and garden. **Newly Renovated Guest Level** Private first-floor guest space includes an elegant bedroom and bathroom, cozy living/reading room, wet bar, plus access to the lower deck. This may also be used as a master bedroom and space. **Upper Level** 1 primary bedroom with 2 more bedrooms ideal for kids or home offices. The shared full bath on this level is bright with a skylight. **Basement** Bonus room and full bathroom. **Location** Walkable to Syosset Library in a quiet neighborhood, with easy highway access. **Updates** New oil furnace, roof, refrigerator, and stove, with post-pandemic renovations for the guest floor. Don't miss this opportunity!
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About Syosset
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017