13705 MODRAD WAY #9A14
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 |
|---|---|---|---|
| Apr 5, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | In contract | - | |
| In contract | |||
| Feb 16, 2024 | Listed by Bekkam Real Estate | $190,000 | |
| Listed by Bekkam Real Estate | |||
| | |||
|
OPPORTUNITY COMES BUT ONCE. INVESTOR ALERT, A RARE UNIT WHICH HAS TENANTS ALREADY WHERE THE UNIT BRINGS $1,500.00 RENT FROM DAY 1. 1 BR AND 1 FB, A KITCHEN DINING/LIVING COMBO, A MINOR REMODELING WAS DONE TO FACILITATE FOR 2ND PERSON FOR LIVING, IF THE NEW BUYER DOES'NT LIKE THE SELLER WILL BRING IT TO THE ORIGINAL CONDITION. THE UNIT NEEDS SOME MINOR TOUCH UPS, THE SELLER COUD'NT FIX DUE TO SOME PERSONNEL REASONS BUT WILLING TO CREDIT AT SETTLEMENT FOR BUYER TO FIX THEMSELVES TO THEIR TASTE. BEAUTIFUL RETIREMENT UNIT WITH NO STEPS AND IS CLOSE FOR TRANSPORTATION, SHOPPING AND ETC. HURRY BEFORE IT'S GONE. TIME IS OF THE ESSENCE, FIRST COME FIRST SERVE. CALL THE LISTING AGENT FOR MORE INFORMATION. HURRY! HURRY! HURRY! PLEASE DO NOT LET THE DOGS OUT. 3 SMALL SIZE DOGS NOT HARMFUL AT ALL. CALL AGENT FOR COMBO.
| |||
| Mar 31, 2017 | Sold | ||
| Sold | |||
| Jun 16, 2016 | Listed by RE/MAX Realty Group | $100,000 | |
| Listed by RE/MAX Realty Group | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/16/2024
|
1 Bed
|
1 Bath
|
875 ft²
|
$190,000
1 Bed
1 Bath
875 ft²
|
$172,500
-9.21%
04/05/2024
|
Sambasiua Bekkam
Bekkam Real Estate
| |
|
12/01/2022
|
2 Bed
|
2 Bath
|
950 ft²
|
$208,000
2 Bed
2 Bath
950 ft²
|
$220,000
+5.77%
01/04/2023
|
Danielle Mannix
Compass
| |
|
01/09/2022
|
1 Bed
|
1 Bath
|
864 ft²
|
$180,000
1 Bed
1 Bath
864 ft²
|
-
-
|
Colleen Lee
Gerlach real estate, inc.
| |
|
08/23/2018
|
2 Bed
|
2 Bath
|
949 ft²
|
-
2 Bed
2 Bath
949 ft²
|
-
-
|
-
| |
|
06/16/2016
|
1 Bed
|
1 Bath
|
-
|
$100,000
1 Bed
1 Bath
|
$101,000
+1.00%
03/31/2017
|
David Goldberg
Goldberg Group Real Estate
|
Building Info
About Fairland
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017