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973 N Ocean Avenue
About This Property
Welcome to this massive 3 floor private Contemporary Cape tucked away on a quiet cul-de-sac and set on over 1 acre of property. Built in 1996, this home offers soaring vaulted ceilings, skylights that flood the space with natural light, and an open layout designed for comfortable living and entertaining.
The main level features a kitchen with white cabinetry, a spacious living room and dining area with vaulted ceilings, a beautiful wood burning fireplace, and sliders leading to a deck overlooking the massive and ultra private yard. Two guest bedrooms and a full bathroom complete this level.
The primary suite is set on its own private level and offers a walk in closet and a Primary Bath with skylight and vaulted ceilings, creating a peaceful retreat.
The lower level is fully finished and includes a bedroom/office, a half bath, a family room with an electric fireplace and a walk out with direct access to the patio and backyard, providing endless possibilities for recreation, home office space, or extended living.
Additional highlights include a 2 car attached garage, 150 amp electric, central air conditioning.
Located in a quiet and private setting yet close to everything, this property offers space, potential, and incredible value.
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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.
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About North Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017