1051 Padre Drive #7
About This Property
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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 20, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| May 9, 2026 | Price Decreased |
$389,000
↓ $50K
(11.4%) | |
| Price Decreased | |||
| Mar 4, 2026 | Price Decreased |
$439,000
↓ $36K
(7.6%) | |
| Price Decreased | |||
| Jan 21, 2026 | Price Decreased |
$475,000
↓ $20K
(4%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/24/2025
|
1 Bed
|
1 Bath
|
915 ft²
|
$495,000
1 Bed
1 Bath
915 ft²
|
$300,000
-39.39%
07/20/2026
|
Antonino Aiello
International Estates, Inc.
| |
|
11/15/2024
|
2 Bed
|
2 Bath
|
1287 ft²
|
$549,998
2 Bed
2 Bath
1287 ft²
|
$551,100
+0.20%
12/17/2024
|
Julia M Hanson
KW Coastal Estates
| |
|
03/13/2019
| |
2 Bed
|
1 Bath
|
1130 ft²
|
$359,000
2 Bed
1 Bath
1130 ft²
|
-
-
|
-
|
|
05/15/2018
| |
2 Bed
|
2 Bath
|
1287 ft²
|
-
2 Bed
2 Bath
1287 ft²
|
-
-
|
-
|
|
02/19/2018
|
2 Bed
|
2 Bath
|
1287 ft²
|
$399,000
2 Bed
2 Bath
1287 ft²
|
$390,000
-2.26%
06/22/2018
|
Chantel Henson
Vanco Real Estate Executives
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017