37
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18 Flag Way
About This Property
suite offers two closets and an updated bathroom featuring a replaced vanity, sink, cabinetry, light fixtures, and mirror. The guest bedroom is
located near the updated hall bathroom, which includes a replaced shower, vanity, cabinetry, light fixtures, and mirror. Additional interior
improvements include painted walls, solid core doors, canned lighting, ceiling fans in both bedrooms, replaced water heater and dual pane vinyl
windows. Located adjacent to common area green space, the outdoor setting offers a pleasant extension of the home. The property also includes
a detached car carport with 2 spaces, providing convenient parking.
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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%.
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 |
|---|---|---|---|
| Oct 27, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Price Decreased |
$418,900
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Mar 19, 2026 | Listed by Merrill & Associates Real Estate | $423,900 | |
| Listed by Merrill & Associates Real Estate | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017