1338 W Madison Street #2
About This Property
The manager has listed the unit size as 1500 square feet.
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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 |
|---|---|---|---|
| May 28, 2022 | No longer available | - | |
| No longer available | |||
| Mar 4, 2022 | Price Decreased |
$460,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Feb 17, 2022 | Relisted | $465,000 | |
| Relisted | |||
| Feb 13, 2022 | No longer available | - | |
| No longer available | |||
| Feb 5, 2022 | Listed | $465,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/01/2023
|
2 Bed
|
1 Bath
|
1500 ft²
|
$399,999
2 Bed
1 Bath
1500 ft²
|
$400,000
+0.00%
09/07/2023
|
Michael Michalak
RE/MAX 10 Lincoln Park
| |
|
01/03/2023
|
Studio
|
-
|
-
|
$589,000
Studio
-
|
$550,000
-6.62%
03/23/2023
|
Dominic Foderaro
Be Realty, LLC
| |
|
02/05/2022
|
2 Bed
|
1 Bath
|
1500 ft²
|
$465,000
2 Bed
1 Bath
1500 ft²
|
-
-
|
Vanessa Carlson
iRealty Flat Fee Brokerage
| |
|
09/08/2021
|
2 Bed
|
2 Bath
|
1500 ft²
|
$499,000
2 Bed
2 Bath
1500 ft²
|
$480,000
-3.81%
12/17/2021
|
Elizabeth Bennan
Berkshire Hathaway HomeServices Chicago
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017