87 Lambert Avenue
About This Property
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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 17, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| May 15, 2025 | Listed by Signature Premier Properties | $699,000 | |
| Listed by Signature Premier Properties | |||
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Welcome home to 87 Lambert Avenue, located on a cul-de-sac in northern Mastic. This pristine 5 bedroom, 3.5 bath colonial will not disappoint. It features a spacious living room, formal dining room, open kitchen with granite countertops and stainless-steel appliances, half bath, first floor master bedroom with full en suite bathroom! Upstairs features 4 additional bedrooms and one full bath in the hallway. The fully finished basement has an outside entrance with apartment potential with proper permits. It features a dining area, full bath, and multiple additional rooms. Additional amenities include 2 year old central A/C unit and air handler, smart home features such as Wi-Fi switches & thermostats, security system and LED lighting throughout, new 200 amp service, generator inlet and manual transfer switch for emergency power. The fully fenced backyard is perfect for entertaining or relaxing with an expansive deck, above ground pool, patio, fire-pit, and shed with electricity. This home is one you truly do not want to miss!
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| Aug 7, 2018 | Sold | ||
| Sold | |||
| Nov 20, 2017 | Listed by Century 21 Cor Ace Realty Inc | $379,900 | |
| Listed by Century 21 Cor Ace Realty Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017