40 Rowing Street
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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 |
|---|---|---|---|
| Dec 23, 2025 | Sold | ||
| Sold | |||
| Aug 29, 2025 | In contract | - | |
| In contract | |||
| Jun 13, 2025 | Listed by Netter Real Estate Inc | $3,999,999 | |
| Listed by Netter Real Estate Inc | |||
| |||
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Welcome to Turtle Bay. Experience luxurious waterfront coastal living at Turtle Bay, an exceptional 7,900+ square foot custom-built residence, nestled on 9.25 acres of pristine land and surrounded by 70+/- acres of protected preserves. Located just 1.5 miles from charming Bellport Village and only 60 miles from Manhattan, this waterfront estate offers the perfect blend of privacy and convenience. This captivating residence showcases an elegant primary suite with panoramic views of the Great South Bay, a private library, butler pantry, a serene garden room, and a spacious three-car garage with epoxy floor topped by a finished guest suite—perfect as-is or easily transformed into a studio or gym. The home also boasts 360 feet of private beach, offering direct access to the water and breathtaking views. Entertain in style with a covered porch, an outdoor kitchen, and a spectacular infinity-edge pool and spa that seem to melt into the bay. The beautifully landscaped grounds include a tranquil koi pond with waterfall, walking paths, and unmatched natural beauty throughout. Thoughtfully designed for modern living, the home features two washing machines, two dryers, two Subzero refrigerators, and two Miele dishwashers - providing seamless convenience and efficiency for everyday life and entertaining. With an extensive list of upscale amenities and timeless architectural detail, this is a rare opportunity to own a true waterfront sanctuary.
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| Jul 28, 2020 | Sold | ||
| Sold | |||
| May 15, 2020 | In contract | - | |
| In contract | |||
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About East Patchogue
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$6,000 /mo
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$6,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017