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429 47th Street
About This Property
Welcome to this expanded 5-bedroom Cape offering endless potential on a quiet dead-end street in Lindenhurst.
The first floor features 3 bedrooms, living room, a renovated kitchen, a modern full bath, and both a spacious great room and a den area.
The second floor hosts a legally permitted accessory apartment (buyer must be owner-occupied), complete with a large living room, 2 bedrooms, a full bath, and a kitchen with convenient in-unit laundry.
Additional highlights include a full basement with both interior and exterior access, an updated gas furnace, solar panels connected to the first-floor meter (with a separate second-floor meter), and combined average electric costs under $100 per month. The home is also wired for electric vehicle charging.
Property is being sold as-is.
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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 |
|---|---|---|---|
| Dec 12, 2025 | Sold | ||
| Sold | |||
| Oct 22, 2025 | In contract | - | |
| In contract | |||
| Oct 15, 2025 | Relisted | $599,000 | |
| Relisted | |||
| Oct 14, 2025 | In contract | - | |
| In contract | |||
| Sep 22, 2025 | Listed by Realty Connect USA LLC | $599,000 | |
| Listed by Realty Connect USA LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017