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38 Maple Avenue
About This Property
Whether your plans include a complete renovation, expanding the existing home, or building new (subject to applicable approvals), this property offers the kind of location that makes the investment worthwhile. Surrounded by beautiful homes on a quiet, tree-lined street, it's easy to see why opportunities in this neighborhood are so limited.
Ideally located just minutes from the Village of Locust Valley, you'll enjoy easy access to charming shops and restaurants, the LIRR, beaches, golf courses, yacht clubs, parks, and all the lifestyle amenities that define Long Island's North Shore.
Bring your vision and imagine the possibilities. Properties offering this combination of location, value, and potential don't come along often.
Property is being sold AS IS.
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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 31, 2026 | Sold | ||
| Sold | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jul 8, 2026 | Listed by Compass Greater NY LLC | $799,000 | |
| Listed by Compass Greater NY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017