1508 Hancock Drive #7
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 |
|---|---|---|---|
| Sep 1, 2022 | Sold | ||
| Sold | |||
| Jul 23, 2022 | Listed by RE/MAX Rising | $109,900 | |
| Listed by RE/MAX Rising | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/10/2025
|
2 Bed
|
2 Bath
|
1503 ft²
|
$129,900
2 Bed
2 Bath
1503 ft²
|
$129,000
-0.69%
08/15/2025
|
Josephine Hundman
Coldwell Banker Real Estate Group
| |
|
07/23/2022
|
2 Bed
|
2 Bath
|
930 ft²
|
$109,900
2 Bed
2 Bath
930 ft²
|
$135,333
+23.14%
09/13/2022
|
Noelle Burns
RE/MAX Rising
| |
|
07/09/2021
|
2 Bed
|
2 Bath
|
465 ft²
|
$89,900
2 Bed
2 Bath
465 ft²
|
$90,000
+0.11%
09/03/2021
|
Barry Hammer
Coldwell Banker Real Estate Group
| |
|
08/23/2018
| |
2 Bed
|
2 Bath
|
1526 ft²
|
-
2 Bed
2 Bath
1526 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017