25
Map
1835 PHELPS PLACE NW #21
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 |
|---|---|---|---|
| Aug 3, 2026 | Sold | ||
| Sold | |||
| Jul 4, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $499,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/07/2026
|
1 Bed
|
1 Bath
|
756 ft²
|
$499,900
1 Bed
1 Bath
756 ft²
|
$468,500
-6.28%
08/03/2026
|
Michael Aubrey
Berkshire Hathaway HomeServices PenFed Realty
| |
|
04/01/2026
|
2 Bed
|
1 Bath
|
1000 ft²
|
$750,000
2 Bed
1 Bath
1000 ft²
|
$675,000
-10.00%
05/26/2026
|
Duncan Colquhoun
TTR Sotheby's International Realty
| |
|
10/31/2024
|
2 Bed
|
1 Bath
|
1000 ft²
|
$585,000
2 Bed
1 Bath
1000 ft²
|
$585,000
01/07/2025
|
Matthew Koerber
TTR Sotheby's International Realty
| |
|
04/12/2023
|
2 Bed
|
1 Bath
|
1000 ft²
|
$599,000
2 Bed
1 Bath
1000 ft²
|
$650,000
+8.51%
05/18/2023
|
Michael Heinen
TTR Sotheby's International Realty
| |
|
01/27/2023
|
1 Bed
|
1 Bath
|
750 ft²
|
$459,000
1 Bed
1 Bath
750 ft²
|
$442,000
-3.70%
05/31/2023
|
Stephen Donahoe
TTR Sotheby's International Realty
| |
|
11/02/2021
|
2 Bed
|
1 Bath
|
945 ft²
|
$625,000
2 Bed
1 Bath
945 ft²
|
-
-
|
Joe Petrone
Monument Sotheby's International Realty
| |
|
10/20/2020
| |
2 Bed
|
1 Bath
|
-
|
$620,000
2 Bed
1 Bath
|
-
-
|
-
|
|
08/01/2020
|
2 Bed
|
1 Bath
|
1000 ft²
|
$599,000
2 Bed
1 Bath
1000 ft²
|
-
-
|
-
| |
|
06/27/2019
|
1 Bed
|
1 Bath
|
750 ft²
|
$475,000
1 Bed
1 Bath
750 ft²
|
-
-
|
-
| |
|
11/20/2014
|
1 Bed
|
1 Bath
|
750 ft²
|
$450,000
1 Bed
1 Bath
750 ft²
|
$440,000
-2.22%
01/02/2015
|
Jack C Nix
Compass
|
Building Info
About Northwest Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017