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1298 EL MERCADO WAY #D
About This Property
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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 |
|---|---|---|---|
| Jun 29, 2017 | Sold | ||
| Sold | |||
| May 8, 2017 | Listed by Hass Team Realty | $455,000 | |
| Listed by Hass Team Realty | |||
| Aug 1, 2016 | Sold | ||
| Sold | |||
| Jun 28, 2016 | Listed by Century 21 Mission | $420,000 | |
| Listed by Century 21 Mission | |||
| | |||
|
Sunny end unit is tucked away at end of a quiet cul-de-sac street with guest parking just steps away. Maintained and upgraded this home shows pride of ownership. New Carpet and fresh paint, Granite kitchen counters, tile flooring, Fireplace and plantation shutters & vaulted ceilings on main floor. Crown molding thru out downstairs and master bedroom. Solid oak stair treads on staircase and hall. Private covered patio with southern view and ocean breezes, no home behind. Gated community with pool and spa. Neighborhoods: Alacima Complex Features: ,,, Equipment: Garage Door Opener, Range/Oven Other Fees: 95 Sewer: Sewer Connected Topography: LL
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/14/2025
|
3 Bed
|
2 Bath
|
1539 ft²
|
$800,000
3 Bed
2 Bath
1539 ft²
|
$744,375
-6.95%
10/22/2025
|
Donald Engle
Harcourts Prime Properties
| |
|
05/08/2017
|
3 Bed
|
2 Bath
|
1365 ft²
|
$455,000
3 Bed
2 Bath
1365 ft²
|
$445,000
-2.20%
06/29/2017
|
Robbie Calderon-Hass
Hass Team Realty
| |
|
06/28/2016
|
3 Bed
|
2 Bath
|
1365 ft²
|
$420,000
3 Bed
2 Bath
1365 ft²
|
$410,000
-2.38%
08/01/2016
|
Carol Corrigan
Century 21 Mission
| |
|
08/11/2014
|
2 Bed
|
2 Bath
|
1236 ft²
|
$349,000
2 Bed
2 Bath
1236 ft²
|
$342,000
-2.01%
11/05/2014
|
Gail Carroll
Professional Realty Services
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017