86 39th Street
About This Property
Beautiful oak floors extend throughout the home, complemented by central air conditioning and Andersen windows. Sliding glass doors lead to a private, tree-lined rear yard, creating a peaceful outdoor retreat.
The spacious living room is complemented by an equally generous first-floor family room, providing abundant space for relaxing and gathering. The kitchen features a quality stove, microwave, and dishwasher, all in like-new, never-used condition.
A two-car garage offers ample storage for all your indoor and outdoor needs, while the attractive brick and cedar-shake exterior adds timeless curb appeal.
A wonderful opportunity to own a spacious and inviting home in a private setting-close to everything, yet tucked away from it all. Islip offers the best of Long Island living, with the beauty of the Great South Bay, vibrant downtown, beaches, parks, marinas, and abundant waterfront activities. Enjoy convenient access to public transportation, major highways, MacArthur Airport, Heckscher State Park, and Fire Island ferries
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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 |
|---|---|---|---|
| Sep 20, 2026 | In contract | - | |
| In contract | |||
| Aug 24, 2026 | Listed by Coldwell Banker American Homes | $649,000 | |
| Listed by Coldwell Banker American Homes | |||
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About Islip
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017