75 Forest 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.
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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 |
|---|---|---|---|
| Apr 16, 2026 | Sold | ||
| Sold | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Feb 1, 2026 | Relisted | $725,000 | |
| Relisted | |||
| Jan 31, 2026 | No longer available | - | |
| No longer available | |||
| Jul 30, 2025 | Listed by Signature Premier Properties | $1,999,888 | |
| Listed by Signature Premier Properties | |||
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TO BE BUILT ~Proposed New Construction | Waterfront Property | Exclusive Beach Rights
Welcome to 75 Forest Avenue—a rare opportunity to own and customize your dream home on a prime waterfront lot in the heart of Massapequa Shores. This 100 x 100 ft (10,000 sq ft) parcel sits at the end of a quiet, dead-end street and offers unparalleled water access, privacy, and exclusivity.
Permits and plans are underway for a luxurious 5-bedroom, 4-bathroom custom home designed for elegant coastal living. The residence will feature an open-concept layout, soaring ceilings, expansive windows capturing canal views, a gourmet kitchen with high-end finishes, and multiple indoor and outdoor living spaces. The thoughtfully designed floor plan includes a spacious great room, formal dining, a first-floor guest suite.
Waterfront Features & Property Rights
• Direct canal frontage with a new navy-grade bulkhead, offering deep-water access for boats, jet skis, kayaks, and paddleboards
• Exclusive deeded rights to a private beach—perfect for sunset strolls, swimming, or enjoying family time
• Wide canal allows for easy navigation to the open bay
• Oversized lot allows for the potential addition of a pool, outdoor kitchen, and private dock (subject to permits)
• Situated in a low-traffic, cul-de-sac location, offering ultimate serenity and seclusion
Location Highlights
• Just minutes from local marinas, parks, golf courses, and South Shore beaches
• Zoned for highly desirable Massapequa School District #23
• Easy access to Sunrise Highway and the Long Island Rail Road for convenient commuting
Whether you’re seeking a year-round waterfront haven or a summer retreat, 75 Forest Avenue offers the ideal canvas to build the life you’ve imagined. With rare exclusive beach rights, a brand new construction customized to your needs, and picturesque canal frontage, this is one of the most unique and valuable offerings in South Massapequa.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017