65 Spar Drive
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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%.
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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 |
|---|---|---|---|
| Jan 2, 2026 | Sold | ||
| Sold | |||
| Oct 20, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2025 | Listed by Compass Greater NY LLC | $509,000 | |
| Listed by Compass Greater NY LLC | |||
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Welcome to 65 Spar drive located in the quiet Osprey Pointe community of Mastic Beach! This immaculate colonial style home was built in 2020 and features 3 bedrooms, 2 bathrooms, and offers 1400 interior square feet. Upon entry, you will immediately notice the high end finishes and open floor plan that is highlighted by hardwood floors and a gleaming kitchen with quartz countertops and stainless-steel appliances. Upstairs you will find 3 bedrooms, a beautiful bathroom and a convenient laundry area. Other notable features are a Navien tankless water heater, 200 amp electrical service, 1 year old appliances, crown molding, wainscoting, high ceilings, recessed lighting and a fully fenced in yard. With taxes under 10k, half a mile from the waterfront Osprey Park and Smith Point Beach just a short drive away, this turn-key home can't be overlooked!
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| Jan 25, 2021 | Sold | ||
| Sold | |||
| Jun 17, 2020 | In contract | - | |
| In contract | |||
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About Mastic Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017