518 & 534 Main Road
About This Property
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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 |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| May 24, 2025 | In contract | - | |
| In contract | |||
| Apr 4, 2025 | Relisted | $399,000 | |
| Relisted | |||
| Mar 14, 2025 | In contract | - | |
| In contract | |||
| Feb 21, 2025 | Listed by Douglas Elliman Real Estate | $399,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Situated in the heart of Aquebogue on Long Island's North Fork famous wine country you will find this unique opportunity for 2.25 acres. To expand the vision, the lot to the east is also available, along with the lot to the west that has rental buildings in place. The land is zoned hamlet residential which has a wide variety of options within the town. Prime location at traffic lit intersection located less than 3 miles from the Peconic Medical Center and downtown Riverhead.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017