1277 RITCHIE HIGHWAY #196
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 |
|---|---|---|---|
| Aug 18, 2025 | Sold | ||
| Sold | |||
| Jul 20, 2025 | In contract | - | |
| In contract | |||
| Jun 16, 2025 | Listed by ABR | $179,900 | |
| Listed by ABR | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/30/2025
|
2 Bed
|
2 Bath
|
1050 ft²
|
$132,000
2 Bed
2 Bath
1050 ft²
|
$115,500
-12.50%
11/04/2025
|
Jim Rambo
ABR
| |
|
06/16/2025
|
3 Bed
|
2 Bath
|
1792 ft²
|
$179,900
3 Bed
2 Bath
1792 ft²
|
$175,000
-2.72%
08/18/2025
|
Jim Rambo
ABR
| |
|
11/06/2023
|
3 Bed
|
2 Bath
|
1400 ft²
|
$159,900
3 Bed
2 Bath
1400 ft²
|
$152,500
-4.63%
05/17/2024
|
Jim Rambo
ABR
| |
|
10/17/2023
|
4 Bed
|
2 Bath
|
1500 ft²
|
$139,900
4 Bed
2 Bath
1500 ft²
|
$129,000
-7.79%
06/20/2024
|
Jim Rambo
ABR
| |
|
09/22/2023
|
3 Bed
|
2 Bath
|
1700 ft²
|
$149,900
3 Bed
2 Bath
1700 ft²
|
$141,000
-5.94%
11/03/2023
|
Jim Rambo
ABR
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017