98 Smith Avenue
About This Property
The picturesque backyard sits on 0.4 acres and features vibrant landscaping, an oversized patio with gazebo, separate outside entrances to both the upper and lower levels, a spacious shed, and new PVC fencing surrounding the property. Ring floodlight security cameras included. Conveniently located near the LIE, shopping, LIRR Ronkonkoma, and MacArthur Airport. Very Low taxes - $7,283 without STAR. This property will not last at this price!
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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 |
|---|---|---|---|
| Nov 3, 2026 | In contract | - | |
| In contract | |||
| Sep 18, 2026 | Listed by Serhant East End LLC | $519,000 | |
| Listed by Serhant East End LLC | |||
| Aug 1, 2013 | Sold | ||
| Sold | |||
| Jun 24, 2013 | Sold | ||
| Sold | |||
| Apr 11, 2013 | Listed by Serhant East End LLC | $265,000 | |
| Listed by Serhant East End LLC | |||
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About Holbrook
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017