1067 Padre Drive #1
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%.
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 |
|---|---|---|---|
| Apr 30, 2026 | Listed by Platinum Realtors | $589,000 | |
| Listed by Platinum Realtors | |||
| |||
|
Beautifully updated bottom level 2-bedroom, 2-bathroom condo located in the peaceful South Salinas neighborhood. This move-in-ready home features a bright, open-concept living and dining area with fresh interior paint and stylish new flooring throughout. The updated kitchen offers modern finishes and a spacious walk-in pantry, providing ample storage. Both bathrooms have been tastefully upgraded with contemporary fixtures. The primary suite includes a generous layout and a large walk-in closet. Enjoy exceptional indoor-outdoor living with three private patiosperfect for relaxing, entertaining, or gardening. Ideally situated near parks, schools, shopping, and dining, this home offers comfort, convenience, and a rare amount of outdoor space in a sought-after location
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| May 24, 2022 | Sold | ||
| Sold | |||
| Mar 23, 2022 | Listed by Sotheby's International Realty | $599,000 | |
| Listed by Sotheby's International Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/23/2022
|
2 Bed
|
2 Bath
|
1287 ft²
|
$599,000
2 Bed
2 Bath
1287 ft²
|
$575,000
-4.01%
05/24/2022
|
Teresa Giammanco
Coldwell Banker Realty
| |
|
05/01/2021
| |
2 Bed
|
1 Bath
|
1130 ft²
|
$400,000
2 Bed
1 Bath
1130 ft²
|
-
-
|
Maria Barrera
REGIONAL REAL ESTATE
|
|
01/21/2015
|
2 Bed
|
2 Bath
|
1181 ft²
|
$349,000
2 Bed
2 Bath
1181 ft²
|
$335,000
-4.01%
05/12/2015
|
Leslie DeLuca
Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017