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    Sun-Filled Condo in Gated Community Title is generated by Realmo AI

    172 Ashley Court, Central Islip, NY 11722

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    For Sale
    $494,999

    Two-bedroom condo with loft and resort-style amenities.

    Type:Condo/Townhome
    Property size:
    1,400 SF
    Lot size:
    0.01 Acres
    Price / SF:
    $353/SF
    Added:
    Mar 24, 2026
    Days on Market:
    104
    Last Refresh:
    Apr 6 at 1:44 am

    Property Features for 172 Ashley Court

    General Information

    Standard status
    Active
    Size
    1,400 SF
    Lot size
    0.01 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2018

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    Tracy Ascani
    Tracy Ascani

    Listing office Century 21 Sewanhaka Realty

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Sewanhaka Realty

    HighLights

    • Gated community.
    • Enjoy resort‑style community amenities including a clubhouse, fitness center, heated outdoor pool, and playground.
    • Open concept layout with cathedral ceilings.
    • Primary bedroom with private bathroom, walk‑in closet, and private balcony.
    • Stainless steel appliances included.
    • Loft for extra space.

    Overview

    This sun-filled condo is located within the gated community of Foxgate. Situated on the second floor, the property features two bedrooms and two full bathrooms. The open concept layout seamlessly connects the living room, dining area, and kitchen, enhanced by cathedral ceilings. The kitchen is equipped with stainless steel appliances. The primary bedroom includes a private bathroom, a walk-in closet, and a private balcony. Additional features include a loft for extra space, a washer and dryer, and central AC. Residents can enjoy community amenities such as a clubhouse, fitness center, heated outdoor pool, and playground. The property size is 1400 square feet. The total taxes are $7,888.34 after a Basic STAR reduction of $912.00.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $48.4k $34.56
    − Vacancy −$3.1k −$2.25
    EGI $45.2k $32.31
    − OpEx −$20.4k −$14.54
    NOI $24.9k $17.77
    1,400 SF · lease $34.56/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $355.4K
    $311.0K – $414.7K (±1% cap)
    NOI $24,881 @ 7.0% cap · market cap 5.03%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $426.5K
    $373.2K – $497.6K (±1% cap)
    NOI $29,855 @ 7.0% cap · market cap 6.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Restaurant Building Supply Dental Office Law Firm Big Box & Wholesale Store Spa & Massage Center Hotel & Motel Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Central Islip
    County
    Suffolk
    State
    New York
    Longitude
    -73.1929
    Latitude
    40.7853

    FAQs

    What type of property is this?
    Residential income property - Two-bedroom condo with loft and resort-style amenities.
    Where is this residential income property located?
    The property is located at 172 Ashley Court Central Islip, NY.
    What is the asking price?
    The asking price for this property is $494,999.
    What are key features of this property?
    This property features: Gated community.; Enjoy resort‑style community amenities including a clubhouse, fitness center, heated outdoor pool, and playground.; Open concept layout with cathedral ceilings.
    More about this property
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