48 Grey Lane
About This Property
Large Laundry/Storage Room with Side and Rear Windows includes Washer/Dryer, Pull Down Attic Steps for more storage as well as exit out to the Back Patio.
Upstairs includes a Large Living Area, Eat-In Kitchen, Pantry, Linen Closet, Full Bathroom and Two Bedrooms along with Three Wall Mounted Air Conditioners.
Wide Driveway with Landscaped Yard, Front Gate to a Fenced-In Back Yard.
Close to Wantagh Avenue with plenty of Shopping and Restaurants to the North towards Hempstead Tpke and to the South towards the Southern State Pkwy and Sunrise Highway. 3 LIRR Stations all within 4.5 miles or less...Hicksville and Bethpage to the North and Wantagh to the South.
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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 |
|---|---|---|---|
| Oct 14, 2026 | Price Decreased |
$799,900
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Sep 14, 2026 | Listed by RE/MAX City Square | $849,900 | |
| Listed by RE/MAX City Square | |||
| Apr 19, 2004 | Sold | ||
| Sold | |||
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About Levittown
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017