48 Brightwood 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 |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| May 11, 2024 | In contract | - | |
| In contract | |||
| May 11, 2024 | Relisted | $260,000 | |
| Relisted | |||
| Apr 30, 2024 | In contract | - | |
| In contract | |||
| Apr 26, 2024 | Listed by Daniel Gale Sothebys Intl Rlty | $399,900 | |
| Listed by Daniel Gale Sothebys Intl Rlty | |||
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Delight in the coastal charm of this impeccably updated 2-bedroom, 1-bathroom cottage ideally situated in the Village of Patchogue. Recently renovated, this lovely home features all updated: windows, vinyl siding, doors and roof. Modern comforts include updated gas heating and new ductless heating and air conditioning units. Inside, discover a fresh, neutral decor complemented by wide-planked vinyl flooring, creating a light and airy beach-inspired ambiance. Perfect for those who appreciate style as well as comfort, this home is designed for easy living and entertaining. The backyard features a brand new PVC entry fence which offers a private and spacious area for outdoor gatherings and leisure. Nestled in a beach community, this property is conveniently located within a "stone's throw" of the Davis Park Ferry to Fire Island. Enjoy leisurely afternoons in your own private entertainment backyard with stone patio area. Ample parking in the stone driveway. This home is a true gem for those seeking a blend of modern updates and serene coastal living. Come and see why life here feels like a year-round vacation!
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About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017