53 Raymond 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 |
|---|---|---|---|
| May 1, 2024 | Sold | ||
| Sold | |||
| Mar 15, 2024 | In contract | - | |
| In contract | |||
| Feb 27, 2024 | Listed by Exit Realty Achieve | $580,000 | |
| Listed by Exit Realty Achieve | |||
| | |||
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Welcome to this charming Cape located South of Montauk (27A), with more to offer than a traditional cape. This home sits on a flat property with a large front and backyard to allow for plenty of gatherings. Located on a quiet tree lined street. This home is close to the water but does not require flood insurance. The home offers 3 bedrooms, 2 Baths, Livingroom with Fireplace, den with entrance to the driveway, an Eat in Kitchen, a bonus room for a study/office/exercise space. There is a great deal of closet and storage space throughout the home. A large (24x37 approx.), unfinished basement with 7 foot ceilings for extra space to make your own. There is also a 2-car garage with vaulted ceiling to maximize space for storage. This home is close to everything but far enough away for plenty of peace and quiet. This home has been very well maintained, too much to list you have to see for yourself.
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| Nov 15, 2012 | Sold | ||
| Sold | |||
| Aug 29, 2012 | Listed by Exit Realty Achieve | $395,000 | |
| Listed by Exit Realty Achieve | |||
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About Islip
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017