89 Alder Drive
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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 7, 2025 | Sold | ||
| Sold | |||
| May 20, 2025 | In contract | - | |
| In contract | |||
| Apr 28, 2025 | Listed by Realty Connect USA L I Inc | $524,888 | |
| Listed by Realty Connect USA L I Inc | |||
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Welcome to 89 Alder Drive, Mastic Beach! This updated ranch offers the perfect blend of comfort, space and modern features. The home features a spacious eat-in kitchen, a roomy living room and a separate dining area—ideal for everyday comfort and making entertaining a breeze. With 3 spacious bedrooms and 2 full bathrooms, this home is move-in ready for its next owner. Recent updates include a new roof (2019), a fully renovated first-floor bathroom with whirlpool bathtub (2019), alarm system (2019) and a new central air conditioning system (2020) to keep you cool all summer long. The full finished basement is an entertainer's dream, complete with 7 foot bar, cheers to making new memories. Outdoor living is a highlight here, with a fully fenced and landscaped backyard, patio, deck, two storage sheds, and a double driveway offering plenty of parking for guests. Mastic Beach, where the business district is being revitalized with a proposed $500 million infrastructure project, this home is poised to benefit from the area's exciting growth. Enjoy low taxes ($5,935.99 annually), low PSEG bills, and NO flood insurance required! Don't miss your chance to own this move-in-ready gem — Schedule your private showing today!
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| Dec 31, 2019 | Sold | ||
| Sold | |||
| Nov 5, 2019 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017