1
Map
116 3RD Place #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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/04/2021
|
2 Bed
|
2 Bath
|
1056 ft²
|
$1,495,000
2 Bed
2 Bath
1056 ft²
|
$1,615,000
+8.03%
08/30/2021
|
Diaz Zelermyer
Compass
| |
|
10/05/2017
|
3 Bed
|
3 Bath
|
1678 ft²
|
$2,475,000
3 Bed
3 Bath
1678 ft²
|
$2,475,000
01/19/2018
|
Terry Naini
Brown Harris Stevens Residential Sales LLC
| |
|
07/13/2016
|
3 Bed
|
2 Bath
|
1138 ft²
|
$1,577,500
3 Bed
2 Bath
1138 ft²
|
$1,577,500
03/06/2017
|
Frank Castelluccio
Corcoran Group
| |
|
10/28/2014
|
2 Bed
|
2 Bath
|
1324 ft²
|
$1,515,000
2 Bed
2 Bath
1324 ft²
|
$1,515,000
01/12/2015
|
LINDSAY A BARRETT
The Corcoran Group
| |
|
08/14/2013
|
3 Bed
|
2.5 Bath
|
1678 ft²
|
$1,999,000
3 Bed
2.5 Bath
1678 ft²
|
$1,850,000
-7.45%
11/08/2013
|
Dogan Baruh
RES
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017