53 River Avenue
About This Property
The first-floor unit features 2 bedrooms and 1 full bath, currently rented for $2,100/month. The second-floor unit offers 1 bedroom and 1 full bath, bringing in $1,496/month. The property also includes a full basement, providing additional storage or potential for future use. Whether you're looking to expand your portfolio or secure a turnkey income-producing property, this is an opportunity you don't want to miss!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 23, 2026 | Sold | ||
| Sold | |||
| Jun 2, 2026 | In contract | - | |
| In contract | |||
| May 13, 2026 | In contract | - | |
| In contract | |||
| Apr 20, 2026 | Price Increased |
$649,000
↑ $100K
(18.2%) | |
| Price Increased | |||
| Apr 9, 2026 | Relisted | $549,000 | |
| Relisted | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/26/2026
| |
3 Bed
|
2 Bath
|
-
|
$549,000
3 Bed
2 Bath
|
$570,000
+3.83%
07/23/2026
|
Anderson Minaya PSA SFR
GEN X Realty Corp
|
Building Info
About Patchogue
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017