11 Norman Drive
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 |
|---|---|---|---|
| Aug 16, 2022 | Sold | ||
| Sold | |||
| May 31, 2022 | Price Increased |
$1,599,000
↑ $100K
(6.7%) | |
| Price Increased | |||
| May 31, 2022 | Price Decreased |
$1,499,000
↓ $100K
(6.3%) | |
| Price Decreased | |||
| May 18, 2022 | Listed by Houlihan Lawrence Inc. | $1,599,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Apr 23, 2021 | Sold | ||
| Sold | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017