29
Map
18 Locust Drive
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 |
|---|---|---|---|
| Jul 27, 2026 | Sold | ||
| Sold | |||
| May 8, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Price Decreased |
$2,288,000
↓ $100K
(4.2%) | |
| Price Decreased | |||
| Jan 5, 2026 | Listed by S Sharf Realty Inc | $2,388,000 | |
| Listed by S Sharf Realty Inc | |||
| Aug 26, 2025 | No longer available | - | |
| No longer available | |||
Property Highlights
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About Great Neck
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$6,999 /mo
- 2 Beds
- 2 Baths
$9,500 /mo
- 4 Beds
- 3 Baths
- 3,177 ft²
Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017