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Central Islip 11722 Central Islip
40 Cypress Street
Photo of 40 Cypress Street

48

Map

Photo of 40 Cypress Street
Photo of 40 Cypress Street
$599,000
● House - In Contract

40 Cypress Street

Islip, NY 11722
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,182 Ft²
$3,647
Est. Monthly

About This Property

Welcome home to this beautifully updated 3- bedroom, 2 full bath on a large corner property. Thoughtfully refinished throughout, this home features a fully updated Eat In Kitchen, with all new appliances. Both bathrooms have been updated with modern finishes, Re- finished hard wood floors in the bedrooms, The over sized living room  is seamlessly ,connects to the dining area , with a a sliding doors, overlooking the back deck .The partial finished basement  is  great for an extra den or office

Get out of the summers heat with your updated Central Air Conditioning .Enjoy the benefits of the very private corner property  located close to LIRR, stores and highways,
Unit Size
1,182 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$507
Property Type
House
Property Taxes
$705
HOA Dues
-
Year Built
1954

Listed By

Tara Wright
[email protected]
Coach Real Estate Assoc Inc
Eileen Familia
[email protected]
Coach Real Estate Assoc Inc

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 19 days ago (OneKey MLS #KEY1016939)

Price History

Date / Event Date Event Price
Sep 30, 2026 In contract -
In contract
Sep 22, 2026 Relisted $599,000
Relisted
Jul 16, 2026 In contract -
In contract
Jul 10, 2026 Price Decreased $599,000
↓ $30K (4.8%)
Price Decreased
Jun 22, 2026 Listed by Howard Hanna Coach $629,000
Listed by Howard Hanna Coach
Show More

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Eat-in Kitchen
Appliances: Oven, Refrigerator
Rooms: 8
Basement: Full, Partially Finished
Exterior Details
Square Footage: 1182
Square Footage Source: $0
Architectural Style: Ranch
Year Built: 1954
Building Area Total: 1462
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Area: 10019
Lot Size Units: Square Feet
Lot Size Acres: 0.23
Lot Size Square Feet: 10019
Water Source: Public
Financial Details
Tax Assessed Value: $25,100
Tax Annual Amount: $8,461
Utilities Details
Cooling Type: Central Air
Heating Type: Oil
Sewer : Cesspool

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 280
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,462
  • Building Area: 1,182
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,182
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: X2225573Y204706 T025H00000000

Neighborhood

  • School District Name: Central Islip Union Free School District
  • School Tax School District: CENTRAL ISLIP
  • Census Tract: 146403

Zoning

  • Zoning: B

Geography

  • District: 0500-1
  • Section: 50.14
  • Parcel: 0500-143.00-01.00-031.000
  • Block: 3000
  • Lot: 100.031
  • Municipality: ISLIP
  • Latitude: 40.7846
  • Longitude: -73.185

    Address

  • Full Address: 40 Cypress St
  • Address - House Number: 40
  • Address - Street Name: Cypress
  • Address - Suffix Type: St
  • State: NY
  • City Name: Central Islip
  • Carrier Code: C006
  • 4-Digit Zip Code: 3831
  • Zip Code: 11722

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $811,123
  • Tax Rate Code Area: 472813

    Appraisal Valuation

  • Standard Deviation: 0.2549
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 63
  • Final Value: 497,635
  • High Value: 624,494
  • Low Value: 370,776

    Market Valuation

  • Market Total Value: $344,780
  • Market Land Value: $90,659
  • Market Improvement Value: $254,121

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,100
  • Assessed Land Value: $6,600
  • Assessed Improvements Value: $18,500

    Sales

  • Current Sale Contract Date: Aug 11, 2017
  • Current Sale Recording Date: Sep 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Central Islip

Stats & Trends

Median Asking:

$579,000

Sale Price/ft²

$392

Above Asking

0.00%

Average Days on Market

87

Average Home Size

1640 ft²

Average Home Age

57.6 years

Currently For Sale

40 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 300 Carleton Avenue, Central Islip, NY, 11722

$3,795 /mo

  • 2 Beds
  • 2 Baths
  • 1,163 ft²
300 Carleton Avenue #5207, Central Islip, NY, 11722 Listing by Rita B. Bender
Unit for rent at 4 E Walnut Street, Central Islip, NY, 11722

$2,300 /mo

  • 1 Bed
  • 1 Bath
  • 2,130 ft²
4 E Walnut Street #FLOOR1, Central Islip, NY, 11722 Listing by Ryan Joshua Hodulick
Unit for rent at 75 Jewel Street, Brentwood, NY, 11717

$2,600 /mo

  • 2 Beds
  • 1 Bath
  • 1,992 ft²
75 Jewel Street #1, Brentwood, NY, 11717 Listing by Juan C. Lozano Medina

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 19 days ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 40 Cypress Street built and last sold?
The property at 40 Cypress Street was built in 1954 and last sold on Aug 11, 2017 for $286,000.
How much is this home worth?
The estimated value of the home located at 40 Cypress Street is $599,075.
What are some comparable homes to 40 Cypress Street?
There are currently no comparable homes to 40 Cypress Street.
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