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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 |
|---|---|---|---|
| Sep 11, 2015 | Sold | ||
| Sold | |||
| Jun 8, 2015 | Listed by Douglas Elliman Real Estate | $95,000 | |
| Listed by Douglas Elliman Real Estate | |||
| | |||
|
Spacious Co-Op Apartment On 1st Floor With A Large Bedroom W/Wic Plus 2 Additional Closetshardwood Flrs,Dining Area Adjacent To Living Room. A Great Place To Call Home! Maint W/Star Approx. $624., Additional information: Interior Features:Efficiency Kitchen
| |||
| Feb 27, 2014 | Sold | ||
| Sold | |||
| Feb 24, 2012 | Listed by Douglas Elliman Real Estate | $87,500 | |
| Listed by Douglas Elliman Real Estate | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/08/2015
|
1 Bed
|
1 Bath
|
-
|
$95,000
1 Bed
1 Bath
|
$90,000
-5.26%
09/11/2015
|
Rebecca A. Byrne
Douglas Elliman Real Estate
| |
|
02/24/2012
|
1 Bed
|
1 Bath
|
-
|
$87,500
1 Bed
1 Bath
|
$85,000
-2.86%
02/27/2014
|
Linda Cerami
Douglas Elliman Real Estate
|
About Patchogue
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$2,875 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017