18 Nicols Way #18
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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| Feb 23, 2026 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Price Increased |
$649,900
↑ $10K
(1.6%) | |
| Price Increased | |||
| Jul 16, 2025 | Price Increased |
$639,900
↑ $10K
(1.6%) | |
| Price Increased | |||
| Jun 20, 2025 | Listed by Kelley & Katzer Real Estate, LLC | $629,900 | |
| Listed by Kelley & Katzer Real Estate, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/20/2025
|
2 Bed
|
2 Bath
|
1576 ft²
|
$629,900
2 Bed
2 Bath
1576 ft²
|
$719,900
+14.29%
06/05/2026
|
Kelley & Katzer Team
Kelley & Katzer Real Estate, LLC
| |
|
06/24/2023
|
2 Bed
|
2 Bath
|
1576 ft²
|
$549,900
2 Bed
2 Bath
1576 ft²
|
$597,400
+8.64%
11/17/2023
|
Jill Vincent Lapan
Canon Real Estate, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017