465 Bay Avenue
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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 |
|---|---|---|---|
| Jul 3, 2024 | Sold | ||
| Sold | |||
| May 15, 2024 | In contract | - | |
| In contract | |||
| Apr 22, 2024 | Listed by Compass Greater NY LLC | $689,000 | |
| Listed by Compass Greater NY LLC | |||
| | |||
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Experience the tranquility of 465 Bay Avenue in Patchogue, NY, with captivating water views of the Great South Bay! This charming home features 3-4 bedrooms, 2 bathrooms and 2400 +|- sq ft of comfortable living space. Boasting an open concept floor plan, kitchen with granite counters & ss appliances, wood burning stove, radiant tile flooring, crown moldings, hardwood floors, Andersen windows, newer roof/siding/gutters (5 yrs), natural gas, 200 AMP service, plus more. Step outside to enjoy the new paver walkway & porch, inground sprinklers, trex patio and a secluded yard lined with arborvitaes. Close proximately to fine waterfront dining, Shorefront park, Fire Island ferry, public pool or the bustling downtown Patchogue! Schedule a showing today and make this beauty your own!
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| Dec 23, 2019 | Sold | ||
| Sold | |||
| Nov 9, 2019 | In contract | - | |
| In contract | |||
Property Highlights
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About East Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017