1406 Albemarle Road
About This Property
The manager has listed the unit size as 6055 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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 6, 2021 | No longer available | - | |
No longer available | |||
Oct 6, 2021 | Sold to Jonathan Horowitz, Robert P... | $2,993,000 | |
Sold to Jonathan Horowitz, Robert P... | |||
Nov 7, 2020 | Relisted | $3,199,000 | |
Relisted | |||
Nov 6, 2020 | No longer available | - | |
No longer available | |||
Mar 9, 2020 | Listed | $3,199,000 | |
Listed |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/09/2020
|
|
Loft
|
-
|
6055 ft²
|
$3,199,000
Loft
-
6055 ft²
|
-
-
|
-
|
Jack Sardar
Madison Estates & Properties
|