59 Derby Place
About This Property
Inside, the living room flows into an L-shaped dining room, while the kitchen features warm dark maple cabinetry, granite countertops, and stainless steel appliances. A conveniently located laundry room off the kitchen provides direct access to the two-car garage.
The primary en-suite offers a walk-in closet, additional closet, and private full bath with shower stall. Two additional bedrooms share a spa-inspired hall bathroom featuring a vaulted ceiling, whirlpool tub, separate shower stall, and oversized vanity.
The finished lower level provides additional living space with a recreation room featuring a wood-burning fireplace, office/possible 4th bedroom, and half bath. The unfinished portion offers utilities and ample storage.
Additional features include hardwood and Laminate flooring, central air conditioning, in-ground sprinklers, 200-amp electric, and a two-car garage. Conveniently located just minutes from the train station, St. Catherine of Siena Hospital, shopping, dining, and all that Smithtown has to offer.
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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 15, 2026 | In contract | - | |
| In contract | |||
| Aug 27, 2026 | Listed by Howard Hanna Coach | $799,999 | |
| Listed by Howard Hanna Coach | |||
| Oct 25, 2018 | Sold | ||
| Sold | |||
| Apr 30, 2018 | Listed by Howard Hanna Coach | $574,900 | |
| Listed by Howard Hanna Coach | |||
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About Smithtown
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017