116 MEADOWS CR #116
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%.
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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 8, 2022 | No longer available | - | |
| No longer available | |||
| Jul 3, 2022 | Price Decreased |
$225,000
↓ $20K
(8.2%) | |
| Price Decreased | |||
| Jun 23, 2022 | Listed by United Realty Group, Inc | $245,000 | |
| Listed by United Realty Group, Inc | |||
| | |||
|
Calling all investors. The perfect unit for an investor owner. Unit has just been rented at $2099 per month. Lease will go till june of 2023.Factoring in the HOA of $313, and taxes at $209, net per month will be $1577 per month and $18,924 per year. A 7% return.It will be very difficult to find a property that has a better return than this! The manager has listed the unit size as 921 square feet.
| |||
| Nov 2, 2010 | Sold | ||
| Sold | |||
| Sep 2, 2010 | Listed by United Realty Group Inc | $34,500 | |
| Listed by United Realty Group Inc | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/23/2022
|
2 Bed
|
2 Bath
|
921 ft²
|
$245,000
2 Bed
2 Bath
921 ft²
|
-
-
|
Alexander Paul Karram
United Realty Group, Inc
| |
|
09/02/2010
|
2 Bed
|
2 Bath
|
-
|
$34,500
2 Bed
2 Bath
|
$40,000
+15.94%
11/02/2010
|
Colleen Schrieber
United Realty Group Inc
|
Building Info
About Meadows
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017