56 McArthur Lane
About This Property
Designed with versatility in mind, the home includes a layout ideal for extended living, guests, or a home office, with the potential to be used as a mother-daughter home (with proper permits).
Situated on a half-acre lot, the property features a large backyard, Multiple car garage, and two separate driveways. Low taxes, plus a convenient location close to parks, shopping, and major highways, make this home an exceptional value.
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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 |
|---|---|---|---|
| Sep 4, 2026 | In contract | - | |
| In contract | |||
| Aug 10, 2026 | Relisted | $949,999 | |
| Relisted | |||
| Aug 9, 2026 | No longer available | - | |
| No longer available | |||
| Jun 5, 2026 | Price Decreased |
$949,999
↓ $50K
(5%) | |
| Price Decreased | |||
| May 4, 2026 | Listed by Island Advantage Realty LLC | $999,999 | |
| Listed by Island Advantage Realty LLC | |||
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About Smithtown
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017