60 Chestnut 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.
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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 22, 2025 | Sold | ||
| Sold | |||
| May 30, 2025 | In contract | - | |
| In contract | |||
| May 12, 2025 | Listed by Douglas Elliman Real Estate | $598,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Introducing 60 Chestnut - a 3-bedroom, 2-bathroom ranch set on a near half acre, deep lot offering a backyard that transitions from park-like, with a gazebo and patio, into a beautiful grove of trees within which you'll find a secondary patio & fire pit area. Numerous big ticket upgrades have yielded a move-in ready home, with tremendous additional potential offered by a huge basement and attached 2 car garage. A 6 year young kitchen, featuring stainless Frigidaire Gallery & Professional series appliances and a central skylight, opens into an eat-in area and den space - essentially a "great room". A secondary central family room and a formal dining room are also present, both set off of a generous entry foyer. The primary suite accommodates a king sized bed and features a fully updated (6 years) ensuite, with a multi-zone shower and floor to ceiling tiling. Additional noteworthy points include a 2020 Burnham V8H boiler & hot water tank, central air system upgraded 6 years ago, hardwood and porcelain floors, hi-hat lighting, a 2012 updated roof, and natural gas present on the street. Located within Longwood School District and the Township of Brookhaven, and a short distance to the Long Island Expressway/major roadways and the Ronkonkoma LIRR station, 60 Chestnut is positioned in a prime location for commuting and lifestyle opportunities.
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| Mar 23, 2018 | Sold | ||
| Sold | |||
| Nov 14, 2017 | Listed by RE/MAX Signature Real Estate | $299,990 | |
| Listed by RE/MAX Signature Real Estate | |||
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About Coram
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017