51 Furman Lane
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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.
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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 |
|---|---|---|---|
| Jan 8, 2026 | Sold | ||
| Sold | |||
| Oct 31, 2025 | In contract | - | |
| In contract | |||
| Oct 5, 2025 | Price Decreased |
$729,990
↓ $20K
(2.7%) | |
| Price Decreased | |||
| Sep 14, 2025 | Listed by Signature Premier Properties | $749,990 | |
| Listed by Signature Premier Properties | |||
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Welcome home to this recently renovated charming colonial, perfectly situated on a quiet street just moments from vibrant downtown Patchogue Village. Enjoy the convenience of walking to the Fire Island Ferries and Mascot Dock on the Great South Bay. Nearby, across the way, you’ll find the Patchogue Village Beach Club, offering a pool, camp, and activities for village residents. From the primary bedroom, take in beautiful water views—all while being outside of a flood zone.
Inside, the home features an inviting open floor plan with three spacious bedrooms, two and a half baths, a large living room, den, and a bonus office space. Warmth and ambiance are enhanced by two cozy gas fireplaces, both with remote controls. The fenced-in yard with Trex decking provides plenty of outdoor space to relax or entertain, with additional yard area extending beyond.
A true standout is the huge detached garage/workshop/shed, perfect for hobbies, storage, or creative projects. Additional highlights include an in-ground sprinkler system and an oversized wraparound driveway that offers ample parking for multiple vehicles and guests.
This is a rare opportunity to enjoy the best of Patchogue Village living—waterfront charm, modern updates, and an unbeatable location.
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| Apr 10, 2018 | Sold | ||
| Sold | |||
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About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017