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1512 Palisade Avenue #18A
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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 |
---|---|---|---|
Sep 9, 2024 | Sold | ||
Sold | |||
Aug 23, 2024 | In contract | - | |
In contract | |||
Jul 16, 2024 | Price Decreased |
$699,000
↓ $50K
(6.7%) | |
Price Decreased | |||
Apr 24, 2024 | Listed by Prominent Properties Sotheby's International Realty-Alpine | $749,000 | |
Listed by Prominent Properties Sotheby's International Realty-Alpine |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/05/2024
|
2 Bed
|
2 Bath
|
-
|
$899,000
2 Bed
2 Bath
|
$899,000
11/05/2024
|
-
|
Edward An
RE/MAX Signature Homes
| |
11/01/2024
|
2 Bed
|
3 Bath
|
-
|
$950,000
2 Bed
3 Bath
|
$950,000
11/01/2024
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
08/20/2024
|
2 Bed
|
3 Bath
|
-
|
$950,000
2 Bed
3 Bath
|
$998,000
+5.05%
09/30/2024
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
07/10/2024
|
2 Bed
|
3 Bath
|
-
|
$1,125,000
2 Bed
3 Bath
|
$1,050,000
-6.67%
12/05/2024
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
06/23/2024
|
2 Bed
|
2 Bath
|
-
|
$1,250,000
2 Bed
2 Bath
|
$1,100,000
-12.00%
09/30/2024
|
-
|
Nelly Shmidt
Prominent Properties Sotheby's International Realty-Englewood Cliffs
| |
06/10/2024
|
1 Bed
|
2 Bath
|
-
|
$589,000
1 Bed
2 Bath
|
$580,000
-1.53%
08/13/2024
|
-
|
Edwin Han
Hans Realty Group
| |
05/09/2024
|
3 Bed
|
4 Bath
|
-
|
$1,135,000
3 Bed
4 Bath
|
$1,030,000
-9.25%
06/05/2024
|
-
|
Christopher Rassam
Keller Williams City Life Realty
| |
04/26/2024
|
2 Bed
|
3 Bath
|
-
|
$889,000
2 Bed
3 Bath
|
$880,000
-1.01%
07/29/2024
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
04/24/2024
|
2 Bed
|
2 Bath
|
-
|
$749,000
2 Bed
2 Bath
|
$680,000
-9.21%
09/09/2024
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
10/21/2023
|
2 Bed
|
2.5 Bath
|
1650 ft²
|
$849,000
2 Bed
2.5 Bath
1650 ft²
|
-
-
|
-
|
Angela Cuciniello
Coldwell Banker, Hoboken
| |
11/16/2023
|
2 Bed
|
3 Bath
|
-
|
$740,000
2 Bed
3 Bath
|
$740,000
11/16/2023
|
-
|
-
| |
09/18/2023
|
3 Bed
|
3 Bath
|
-
|
$1,598,888
3 Bed
3 Bath
|
$1,550,888
-3.00%
05/10/2024
|
-
|
Joshua Baris
Coldwell Banker Realty
| |
07/20/2023
|
3 Bed
|
4 Bath
|
-
|
$1,398,888
3 Bed
4 Bath
|
$1,375,000
-1.71%
10/06/2023
|
-
|
Joshua Baris
Coldwell Banker Realty
| |
06/01/2023
|
3 Bed
|
4 Bath
|
-
|
$1,450,000
3 Bed
4 Bath
|
$1,400,000
-3.45%
11/02/2023
|
Amy DeAngelo
Corcoran Sawyer Smith
| ||
05/01/2023
|
2 Bed
|
3 Bath
|
-
|
$525,000
2 Bed
3 Bath
|
$520,000
-0.95%
06/29/2023
|
-
|
Heejin Song
C Land Realty
| |
04/15/2023
|
1 Bed
|
2 Bath
|
-
|
$548,000
1 Bed
2 Bath
|
$525,000
-4.20%
08/25/2023
|
-
|
-
| |
02/13/2023
|
3 Bed
|
3 Bath
|
-
|
$1,400,000
3 Bed
3 Bath
|
$1,400,000
07/11/2023
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
02/09/2023
|
2 Bed
|
3 Bath
|
-
|
$678,000
2 Bed
3 Bath
|
$678,000
06/26/2023
|
-
|
JUNGUN SIM
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
| |
01/10/2023
|
3 Bed
|
2 Bath
|
-
|
$545,000
3 Bed
2 Bath
|
$545,000
06/16/2023
|
-
|
-
| |
11/12/2022
|
2 Bed
|
2.5 Bath
|
2200 ft²
|
$1,499,000
2 Bed
2.5 Bath
2200 ft²
|
-
-
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
11/01/2022
|
3 Bed
|
3.5 Bath
|
2200 ft²
|
$1,499,000
3 Bed
3.5 Bath
2200 ft²
|
-
-
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
10/12/2022
|
2 Bed
|
2 Bath
|
1750 ft²
|
$655,000
2 Bed
2 Bath
1750 ft²
|
-
-
|
-
|
Halley Natkin
Coldwell Banker, Fort Lee
| |
09/21/2022
|
3 Bed
|
4 Bath
|
-
|
$875,000
3 Bed
4 Bath
|
$825,000
-5.71%
09/21/2023
|
-
|
Stacy Esser
Keller Williams - Tenafly
| |
08/28/2022
|
2 Bed
|
2 Bath
|
1481 ft²
|
$559,000
2 Bed
2 Bath
1481 ft²
|
-
-
|
-
|
Matthew K. Clark
Coldwell Banker, Allendale/Saddle River Valley
| |
08/13/2022
|
3 Bed
|
4 Bath
|
-
|
$1,585,000
3 Bed
4 Bath
|
-
-
|
-
|
Pinal Shah
Keller Williams City Views Realty
| |
06/16/2022
|
2 Bed
|
3 Bath
|
2020 ft²
|
$629,000
2 Bed
3 Bath
2020 ft²
|
-
-
|
-
|
LINDA CANTATORE
RENAISSANCE REAL ESTATE OF HOBOKEN, INC
| |
04/23/2022
|
3 Bed
|
3 Bath
|
2652 ft²
|
$1,875,000
3 Bed
3 Bath
2652 ft²
|
-
-
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
04/21/2022
|
2 Bed
|
2 Bath
|
1750 ft²
|
$729,000
2 Bed
2 Bath
1750 ft²
|
-
-
|
-
|
Monica Capellan
Keller Williams - Fort Lee
| |
04/04/2022
|
3 Bed
|
4 Bath
|
2829 ft²
|
$1,149,000
3 Bed
4 Bath
2829 ft²
|
-
-
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
04/02/2022
|
3 Bed
|
4 Bath
|
-
|
$2,100,000
3 Bed
4 Bath
|
-
-
|
-
|
Michele Kolsky
Coldwell Banker, Fort Lee
| |
11/18/2021
|
2 Bed
|
2 Bath
|
1750 ft²
|
$610,000
2 Bed
2 Bath
1750 ft²
|
-
-
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
03/09/2022
|
2 Bed
|
3 Bath
|
1638 ft²
|
$697,000
2 Bed
3 Bath
1638 ft²
|
-
-
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
03/05/2022
|
3 Bed
|
4 Bath
|
2221 ft²
|
$948,000
3 Bed
4 Bath
2221 ft²
|
-
-
|
-
|
Halley Natkin
Coldwell Banker, Fort Lee
| |
02/16/2022
|
2 Bed
|
3 Bath
|
2020 ft²
|
$1,150,000
2 Bed
3 Bath
2020 ft²
|
-
-
|
-
|
Anita Buchakjian
Monarch Realty Corp.
| |
09/04/2021
|
2 Bed
|
3 Bath
|
-
|
$975,000
2 Bed
3 Bath
|
-
-
|
-
|
Maryna Forero Ortiz
Coldwell Banker, Fort Lee
| |
02/03/2022
|
2 Bed
|
3 Bath
|
1638 ft²
|
$569,000
2 Bed
3 Bath
1638 ft²
|
-
-
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
01/13/2022
|
1 Bed
|
2 Bath
|
1368 ft²
|
$439,000
1 Bed
2 Bath
1368 ft²
|
-
-
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
10/21/2021
|
3 Bed
|
4 Bath
|
2940 ft²
|
$1,549,000
3 Bed
4 Bath
2940 ft²
|
-
-
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
12/15/2021
|
3 Bed
|
4 Bath
|
-
|
$988,000
3 Bed
4 Bath
|
-
-
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
10/21/2021
|
3 Bed
|
4 Bath
|
2940 ft²
|
$1,299,000
3 Bed
4 Bath
2940 ft²
|
-
-
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
10/21/2021
|
2 Bed
|
3 Bath
|
1638 ft²
|
$748,000
2 Bed
3 Bath
1638 ft²
|
-
-
|
-
|
Judy Miller
Prominent Properties Sotheby's International Realty-Alpine
| |
03/30/2021
|
3 Bed
|
4 Bath
|
2221 ft²
|
$998,000
3 Bed
4 Bath
2221 ft²
|
-
-
|
-
|
-
| |
06/25/2021
|
3 Bed
|
4 Bath
|
-
|
$1,199,000
3 Bed
4 Bath
|
-
-
|
-
|
AVNER ZVULUN
REMAX PROPERTY CENTER
| |
03/30/2021
|
3 Bed
|
4 Bath
|
-
|
$2,100,000
3 Bed
4 Bath
|
-
-
|
-
|
-
| |
03/30/2021
|
2 Bed
|
3 Bath
|
-
|
$998,888
2 Bed
3 Bath
|
-
-
|
-
|
-
| |
03/30/2021
|
3 Bed
|
4 Bath
|
2221 ft²
|
$975,000
3 Bed
4 Bath
2221 ft²
|
-
-
|
-
|
-
| |
03/30/2021
|
2 Bed
|
3 Bath
|
1638 ft²
|
$700,000
2 Bed
3 Bath
1638 ft²
|
-
-
|
-
|
-
| |
11/06/2019
|
3 Bed
|
4 Bath
|
-
|
$6,250
3 Bed
4 Bath
|
-
-
|
-
|
Stacy Esser
Keller Williams - Tenafly
| |
11/15/2018
|
3 Bed
|
4 Bath
|
-
|
$695,000
3 Bed
4 Bath
|
$1,395,650
+100.81%
11/14/2019
|
Scott Cowan
Keller Williams - Tenafly
| ||
06/13/2018
| |
2 Bed
|
2 Bath
|
1700 ft²
|
-
2 Bed
2 Bath
1700 ft²
|
-
-
|
-
|
-
|
07/13/2017
| |
3 Bed
|
4 Bath
|
2775 ft²
|
-
3 Bed
4 Bath
2775 ft²
|
-
-
|
-
|
-
|
Building Info
- 3 Units for Sale
