845 Islip Avenue
About This Property
Step inside to discover a bright and airy open-concept layout featuring hardwood floors throughout, soaring ceilings, and thoughtfully designed living spaces perfect for both everyday living and entertaining. The home is filled with natural light through striking black European DRUTEX casement windows throughout, adding a sleek contemporary touch and enhancing the home's modern design.
The heart of the home is the gorgeous gourmet kitchen, complete with quartz countertops, stainless steel appliances, gas cooking, and sliding glass doors leading directly to the backyard deck, creating the perfect indoor-outdoor flow for gatherings and relaxation.
This spacious home offers 5 generously sized bedrooms and 4 full bathrooms, including main-level bedrooms with private bathrooms and walk-in closets, providing flexibility and comfort for extended family or guests. One of the standout features of this home is its ideal layout for a potential mother/daughter setup with proper permits, offering incredible versatility for multigenerational living.
The second floor features a huge family room with sliding doors leading out to an oversized private deck, creating an amazing additional entertaining space. The luxurious primary suite serves as a true retreat with soaring cathedral ceilings that fill the room with natural light and create a bright, open atmosphere.
Additional highlights include laundry rooms on each floor for added convenience, a full basement with impressive 9-foot ceilings and a separate outside entrance, an attached garage, a brand-new septic system, and a tankless water heater.
Built with thoughtful details and modern finishes throughout, this exceptional new construction offers the perfect combination of luxury, style, comfort, and versatility. Centrally located and close to major highways and public transportation.
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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 |
|---|---|---|---|
| Jul 8, 2026 | In contract | - | |
| In contract | |||
| May 18, 2026 | Listed by BERKSHIRE HATHAWAY | $1,198,888 | |
| Listed by BERKSHIRE HATHAWAY | |||
| Jan 22, 2026 | No longer available | - | |
| No longer available | |||
| Oct 24, 2025 | Relisted | $1,199,000 | |
| Relisted | |||
| Oct 23, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017