116 Patrick Road #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%.
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 |
|---|---|---|---|
| Jan 30, 2003 | Sold | ||
| Sold | |||
| Dec 3, 2002 | Listed by ERA Key Realty Services | $244,900 | |
| Listed by ERA Key Realty Services | |||
| | |||
|
BEST UNIT ON THE MARKET! LIKE NEW! DRAMATIC ALL NEW CERAMIC TILE FOYER. MIRRORED DINING ROOM WITH NEW HARDWOOD FLOORING FLOWING INTO THE KITCHEN. NEW CERAMIC TILE FLOORING IN BATH AND LAV. ALL NEW CARPETING + FRESHLY PAINTED THROUGHOUT.
| |||
| Nov 8, 2002 | Sold | ||
| Sold | |||
| Sep 13, 2002 | Listed by Hughes Appraisal Group | $229,900 | |
| Listed by Hughes Appraisal Group | |||
| Jul 27, 1998 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/13/2002
|
2 Bed
|
2 Bath
|
1240 ft²
|
$229,900
2 Bed
2 Bath
1240 ft²
|
$210,000
-8.66%
11/08/2002
|
Christopher Hughes
Hughes Appraisal Group
| |
|
04/20/1998
|
2 Bed
|
2 Bath
|
-
|
$132,900
2 Bed
2 Bath
|
$130,000
-2.18%
07/27/1998
|
Catherine Wilson
Wilson Wolfe Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017