1881 Alpha Rd. #2
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%.
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 7, 2018 | Sold | ||
| Sold | |||
| Jun 19, 2018 | Listed by Berkshire Hathaway Home Servic | $649,000 | |
| Listed by Berkshire Hathaway Home Servic | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/27/2026
|
2 Bed
|
3 Bath
|
1346 ft²
|
$849,000
2 Bed
3 Bath
1346 ft²
|
$840,000
-1.06%
04/06/2026
|
Miganoush Barfian Namagerdi
Coldwell Banker Hallmark
| |
|
12/04/2025
|
2 Bed
|
3 Bath
|
1346 ft²
|
$849,000
2 Bed
3 Bath
1346 ft²
|
$850,000
+0.12%
01/22/2026
|
Val Hacopian
Remax Optima
| |
|
12/19/2024
|
3 Bed
|
3 Bath
|
1649 ft²
|
$949,999
3 Bed
3 Bath
1649 ft²
|
$950,000
+0.00%
02/07/2025
|
Vartan Markarian
Markarian Realty
| |
|
11/04/2019
|
2 Bed
|
1 Bath
|
1346 ft²
|
$619,000
2 Bed
1 Bath
1346 ft²
|
$628,500
+1.53%
12/16/2019
|
Ieva Massehian
Berkshire Hathaway Home Servic
| |
|
09/05/2019
|
2 Bed
|
1 Bath
|
1346 ft²
|
$598,000
2 Bed
1 Bath
1346 ft²
|
$617,000
+3.18%
10/16/2019
|
Ieva Massehian
Berkshire Hathaway Home Servic
| |
|
03/11/2019
|
3 Bed
|
2 Bath
|
1649 ft²
|
$699,000
3 Bed
2 Bath
1649 ft²
|
$705,000
+0.86%
05/03/2019
|
Ieva Massehian
Berkshire Hathaway Home Servic
| |
|
01/18/2019
|
2 Bed
|
3 Bath
|
1346 ft²
|
$525,000
2 Bed
3 Bath
1346 ft²
|
-
-
|
-
| |
|
06/19/2018
|
3 Bed
|
2 Bath
|
1649 ft²
|
$649,000
3 Bed
2 Bath
1649 ft²
|
$657,000
+1.23%
08/07/2018
|
Ieva Massehian
Berkshire Hathaway Home Servic
| |
|
07/08/2017
| |
3 Bed
|
2.5 Bath
|
1649 ft²
|
-
3 Bed
2.5 Bath
1649 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017