12924 GULF BOULEVARD #104
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 |
|---|---|---|---|
| Feb 13, 2026 | Sold | ||
| Sold | |||
| Dec 24, 2025 | In contract | - | |
| In contract | |||
| Dec 5, 2025 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
| Nov 19, 2025 | Price Decreased |
$625,000
↓ $25K
(3.8%) | |
| Price Decreased | |||
| Oct 13, 2025 | Price Decreased |
$649,900
↓ $25K
(3.7%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/26/2025
|
1 Bed
|
1 Bath
|
865 ft²
|
$700,000
1 Bed
1 Bath
865 ft²
|
$590,000
-15.71%
02/13/2026
|
Judson Kidd, Jr
SOUTHERN ROOTS REALTY, LLC
| |
|
09/23/2025
|
2 Bed
|
2 Bath
|
1005 ft²
|
$600,000
2 Bed
2 Bath
1005 ft²
|
$575,000
-4.17%
12/26/2025
|
Pete Doiron
DOIRON REALTY INC
| |
|
02/23/2024
| |
2 Bed
|
2 Bath
|
1005 ft²
|
$687,900
2 Bed
2 Bath
1005 ft²
|
-
-
|
Leisa Mohler-Erickson
RE/MAX METRO
|
|
12/16/2022
| |
2 Bed
|
2 Bath
|
1005 ft²
|
$899,999
2 Bed
2 Bath
1005 ft²
|
-
-
|
Leisa Erickson
Engel & Volkers St. Pete
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017