3
Map
Mastic Road
About This Property
According to the town's zoning code, in a J-6 district you're allowed to have a mix of commercial and civic activities, including?
Retail shops and personal service stores Restaurants and bars/taverns/night clubs, Offices and banks (with or without drive-through)
Live performance venues (community theater), Museums or cultural centers, Artist studios, billiard halls, indoor recreation, Health clubs, private or non-degree schools
Churches, libraries, municipal buildings
This zoning is meant to foster vibrant, walkable downtowns with a blend of storefronts, services, entertainment, and civic functions.
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Cap Rate Calculator
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 31, 2025 | Sold | ||
| Sold | |||
| Jul 30, 2025 | In contract | - | |
| In contract | |||
| Jun 16, 2025 | Listed by Island Advantage Realty LLC | $119,000 | |
| Listed by Island Advantage Realty LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017