1
Map
116 THE CORSO #116
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 |
|---|---|---|---|
| Jul 22, 2026 | Sold | ||
| Sold | |||
| Jun 21, 2026 | In contract | - | |
| In contract | |||
| May 6, 2026 | Price Decreased |
$262,500
↓ $3K
(0.9%) | |
| Price Decreased | |||
| Jan 24, 2026 | Price Increased |
$265,000
↑ $90K
(51.5%) | |
| Price Increased | |||
| Nov 10, 2025 | Price Decreased |
$174,900
↓ $5K
(2.8%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/24/2025
|
2 Bed
|
1 Bath
|
1031 ft²
|
$199,900
2 Bed
1 Bath
1031 ft²
|
$260,000
+30.07%
07/22/2026
|
Buck Settles
SETTLES REAL ESTATE LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017