17 Michaels Way #17
About This Property
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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%.
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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 |
|---|---|---|---|
| Dec 17, 2019 | Sold | ||
| Sold | |||
| Nov 5, 2019 | Listed by Berkshire Hathaway HomeServices Realty Professionals | $230,000 | |
| Listed by Berkshire Hathaway HomeServices Realty Professionals | |||
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Best and Final offers due Monday 11/11 by 6pm. Mill Pond Estates - Garden Style condo offering one level living with attached garage. Welcoming covered front porch leading to foyer with double closet. Open floor plan with vaulted ceilings gives a spacious and grand feel. Massive kitchen with tile flooring, breakfast bar and no shortage on counter space and storage. Family room with gas burning fireplace and slider to private back patio. Vaulted ceilings continue in the master bedroom with walk-in closet and en suite bathroom with step in shower. Second bedroom with Palladian-style window at the front of the condo makes for a great space for guests, craft room or office. A second full guest bath located across from second bedroom. Full basement just waiting to be finished. Mill Pond is a 55+ Condo Association. Additional amenities include: central air, natural gas, main level laundry and central vac.
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| Sep 3, 2004 | Sold | ||
| Sold | |||
| May 18, 2004 | Listed by H & H Realty | $209,900 | |
| Listed by H & H Realty | |||
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55 and over adult community newly constructed. Phase 1 sold out and all the bells and whistles, convenient location, call office for details
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/05/2019
|
2 Bed
|
2 Bath
|
1329 ft²
|
$230,000
2 Bed
2 Bath
1329 ft²
|
$235,000
+2.17%
12/17/2019
|
Ryan Witkos
Berkshire Hathaway HomeServices Realty Professionals
| |
|
05/18/2004
|
2 Bed
|
2 Bath
|
1400 ft²
|
$209,900
2 Bed
2 Bath
1400 ft²
|
$209,900
09/03/2004
|
Patricia Hebert
Dewolfe-Westfield
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017