51 Cedar Avenue
About This Property
Situated about a quarter mile from the train station, the location provides convenient access to Main Street's shops, restaurants, parks, schools, and ferries to Fire Island.
This home is ideal for a buyer looking to invest time and effort into creating their dream space and building equity in a prime Patchogue location. With the right vision, this could become a truly special residence.
A great opportunity to make your mark in one of Long Island's most sought-after communities.
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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 |
|---|---|---|---|
| Apr 1, 2026 | Sold | ||
| Sold | |||
| Dec 11, 2025 | In contract | - | |
| In contract | |||
| Oct 28, 2025 | Listed by Real Broker NY LLC | $450,000 | |
| Listed by Real Broker NY LLC | |||
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About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017