40
Map
113 Nelray BLVD #2
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 |
|---|---|---|---|
| Sep 5, 2025 | In contract | - | |
| In contract | |||
| Aug 31, 2025 | Relisted | $849,450 | |
| Relisted | |||
| Aug 4, 2025 | In contract | - | |
| In contract | |||
| Jul 28, 2025 | No longer available | - | |
| No longer available | |||
| Jul 28, 2025 | Listed by Compass RE Texas, LLC | $849,950 | |
| Listed by Compass RE Texas, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/19/2024
|
3 Bed
|
2 Bath
|
1625 ft²
|
$999,550
3 Bed
2 Bath
1625 ft²
|
-
-
|
Jeremy De Paz
Compass RE Texas, LLC
| |
|
05/20/2025
|
4 Bed
|
3 Bath
|
2488 ft²
|
$1,475,000
4 Bed
3 Bath
2488 ft²
|
$1,424,999
-3.39%
05/20/2025
|
Jeremy De Paz
Compass RE Texas, LLC
| |
|
02/19/2024
| |
2 Bed
|
1 Bath
|
672 ft²
|
$585,000
2 Bed
1 Bath
672 ft²
|
$585,000
02/19/2024
|
Tara Usrey
Compass RE Texas, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017