37
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7 Locust Avenue
About This Property
There is the potential for 4-5 bedrooms. Beginning on the second floor, you'll find the primary ensuite, two additional bedrooms, full bath and laundry room. In addition, a unique separate second-floor wing offers a vaulted room with a cozy fireplace and a half bath-perfect for a private office, client meetings, or as a potential fourth bedroom.
The partially finished basement extends your living space with a recreation room, full bath, abundant storage, and a legal fifth bedroom or guest suite.
Step outside to your secluded backyard retreat, surrounded by mature plantings and featuring an inground pool for summer relaxation and entertaining.
This home offers exceptional flexibility, comfort, and privacy-perfect for today's lifestyle. Three Village Schools including Setauket Elementary and Gelinas Junior High.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 3, 2025 | Sold | ||
| Sold | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jun 20, 2025 | Price Decreased |
$999,000
↓ $90K
(8.3%) | |
| Price Decreased | |||
| May 14, 2025 | Price Decreased |
$1,089,000
↓ $61K
(5.3%) | |
| Price Decreased | |||
| Apr 17, 2025 | Listed by Daniel Gale Sothebys Intl Rlty | $1,150,000 | |
| Listed by Daniel Gale Sothebys Intl Rlty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017