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823 5th Street
About This Property
This beautifully maintained 3-bedroom, 2-bath Cape Cod offers timeless charm, thoughtful updates, and exceptional outdoor living. Nestled on a meticulously landscaped property, the backyard is a private oasis featuring vibrant perennial gardens, a bi-level deck with a trellis, elegant paver walkways and patio, and a detached 2-car garage complete with attic storage and a dedicated gardening workshop. Inside, you'll find warm cedar tongue-and-groove walls, gleaming hardwood floors, and inviting layout, 1st level featuring a bedroom, full bath, living room w/library, a bright eat-in kitchen with pantry that opens to the dining area. A charming loft overlooks the dining room, adding character and an airy feel to the home. The 2nd level offers two additional bedrooms, a full bath, including the loft space-perfect for a reading nook, study area, or additional living space. The full basement expands your living options with a playroom, home office, laundry area, and ample storage, offering endless possibilities to suit your lifestyle. Conveniently located near the LIRR, shopping, restaurants, parks, and major commuting routes, this home combines comfort, charm, and convenience.
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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 |
|---|---|---|---|
| Oct 9, 2026 | Sold | ||
| Sold | |||
| Aug 15, 2026 | In contract | - | |
| In contract | |||
| Aug 4, 2026 | Listed by BH&G R E Realty Connect | $639,900 | |
| Listed by BH&G R E Realty Connect | |||
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About West Babylon
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017