Immaculate One Bedroom
For Sale
$199,000
Pending
51 Rocky Point Yaphank Rd 5, Rocky Point, NY 11778
First-floor co-op with private patio and generous storage.
Property Size800 SF
Days on Market313
Property Features for 51 Rocky Point Yaphank Rd 5
General Information
Standard status
Pending
Size
800 SF
Property subtype
Residential
Building Details
Building Size
800 SF
Year Built
1975
Listed By:
Delmy A. Blanco
(631) 232-6140
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 25
Last Checked: Oct 5 at 7:49PM
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 Delmy A. Blanco
Investment Insights
Based on property information with market context.
This first-floor co-op unit features a spacious living room and dining room combination, along with a well-maintained kitchen and bathroom. The master bedroom includes a walk-in closet offering ample storage space and can accommodate a king-size bed. Sliding glass doors in the master bedroom provide direct access to a private patio. Common charges cover taxes, heat, water, garbage, and snow removal. The complex provides on-premise laundry facilities and public parking. Please note that purchase requires a 10% down payment, a credit score of 700, a $60,000 annual income, and co-op board approval.
Key Highlights
- First‑floor unit.
- Spacious Master Bedroom with a generous walk‑in closet and room for a King Bed.
- Private Patio accessible directly from the Master Bedroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,218
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,360
$284.4K
Cap Rate 7%
$203,114
$203.1K
Cap Rate 9%
$157,978
$158.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$27.6K $34.56/SF
− Vacancy
−$1.8K −$2.25/SF
EGI
$25.9K $32.31/SF
− OpEx
−$11.6K −$14.54/SF
NOI
$14.2K $17.77/SF
Area
Suffolk County, NY
Vacancy
6.50%
Lease Rate
$34.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,360
Cap Rate 7%
$203,114
Cap Rate 9%
$157,978
Alternative Uses
Best Use
Apartment 5plus
$203.1K
$177.7K – $237.0K
NOI $14,218 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$243.7K
$213.3K – $284.3K
NOI $17,060 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 11778, NY
12,449
Population
5,028
Households
2.5
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
6.7 sq mi
ZIP Area
1,858
Density / Sq Mi
$119,656
Median Household Income
$65,379
Median Earnings
$1,948
Median Rent
$410,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - First-floor co-op with private patio and generous storage.
Where is this apartment building located?
The property is located at 51 Rocky Point Yaphank Rd 5 Rocky Point, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: First‑floor unit.; Spacious Master Bedroom with a generous walk‑in closet and room for a King Bed.; Private Patio accessible directly from the Master Bedroom.
