564 S Ocean Avenue
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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 |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Sep 17, 2024 | In contract | - | |
| In contract | |||
| Jul 22, 2024 | Listed by Realty Connect USA L I Inc | $599,000 | |
| Listed by Realty Connect USA L I Inc | |||
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This beautifully renovated ranch-style home was raised entirely and completely updated in 2024 and offers two bedrooms, Potential three, one full bath, and 1,200 sq ft of living space on a 0.15-acre lot. The home features a first-floor primary bedroom, vaulted ceilings, a spacious additional bedroom, a modern bathroom, an updated kitchen with Energy Star appliances, a cozy living room, a home office/den, and a conveniently located laundry room. Exterior highlights include advanced framing construction with durable vinyl siding, a private driveway, a welcoming porch, and scenic views of the Great South Bay. The property boasts green features like double-pane windows, Energy Star doors, and appliances. Located in the Patchogue-Medford School District, this home is close to buses, parks, schools, shops, and the railroad
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| Aug 25, 2022 | Sold | ||
| Sold | |||
| Jul 8, 2022 | Sold | ||
| Sold | |||
Property Highlights
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About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017