1 Classic Circle #488
About This Property
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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%.
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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 10, 2013 | Sold | ||
| Sold | |||
| Jan 31, 2013 | Listed by Today Real Estate, Inc. | $279,900 | |
| Listed by Today Real Estate, Inc. | |||
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This unit is one of the newest re-sale units on the market in Southport having been built in 2004. It has been very lightly lived in and looks almost new. The berber carpeting is exceptionally nice and the baths each have beautiful cherry cabinets. It is a duplex located at the corner of a short dead end cul-de-sac with very little traffic on the street. It is a short walk to Southport's private 9 hole executive golf course which owners play for free.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/31/2013
|
2 Bed
|
2 Bath
|
1333 ft²
|
$279,900
2 Bed
2 Bath
1333 ft²
|
$275,000
-1.75%
07/10/2013
|
Leonard O Leary
Seagrass Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017