2 Bay Shore Drive #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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jan 21, 2021 | In contract | - | |
| In contract | |||
| Nov 7, 2020 | Relisted | $85,000 | |
| Relisted | |||
| Nov 6, 2020 | No longer available | - | |
| No longer available | |||
| Oct 27, 2020 | Price Decreased |
$85,000
↓ $5K
(5.6%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/01/2026
| |
Studio
|
-
|
-
|
$65,000
Studio
-
|
$65,000
07/01/2026
|
The Platinum Group
RE/MAX Innovative Bayside
|
|
09/25/2024
|
Studio
|
-
|
-
|
$99,000
Studio
-
|
$75,000
-24.24%
04/10/2025
|
Christopher Kelly
RE/MAX Bayside
| |
|
01/29/2024
|
Studio
|
-
|
-
|
$89,000
Studio
-
|
-
-
|
Christopher Kelly
RE/MAX Bayside
| |
|
04/04/2023
| |
Studio
|
-
|
-
|
$199,900
Studio
-
|
$185,000
-7.45%
04/19/2023
|
Dan Mardis
BHHS Verani Meredith
|
|
08/04/2023
|
Studio
|
-
|
-
|
$229,000
Studio
-
|
-
-
|
Christopher Kelly
RE/MAX Bayside
| |
|
03/07/2023
|
Studio
|
-
|
-
|
$155,000
Studio
-
|
-
-
|
Jen McCullough
Maxfield Real Estate/Wolfeboro
| |
|
04/01/2022
|
Studio
|
-
|
-
|
$219,000
Studio
-
|
-
-
|
Christopher Kelly
RE/MAX Bayside
| |
|
03/31/2022
|
Studio
|
-
|
-
|
$189,900
Studio
-
|
-
-
|
Christopher Kelly
RE/MAX Bayside
| |
|
03/31/2022
| |
Studio
|
-
|
-
|
$189,900
Studio
-
|
$189,000
-0.47%
05/04/2022
|
Christopher Kelly
RE/MAX Bayside
|
|
03/25/2022
|
Studio
|
-
|
-
|
$219,000
Studio
-
|
-
-
|
Christopher Kelly
RE/MAX Bayside
| |
|
09/04/2021
|
Studio
|
-
|
-
|
$134,000
Studio
-
|
-
-
|
Christopher Kelly
RE/MAX Bayside
| |
|
05/02/2020
| |
Studio
|
-
|
-
|
$129,000
Studio
-
|
$125,000
-3.10%
06/05/2020
|
Christopher Kelly
RE/MAX Bayside
|
|
04/08/2021
|
Studio
|
-
|
-
|
$79,800
Studio
-
|
-
-
|
-
| |
|
10/13/2020
|
Studio
|
-
|
-
|
$90,000
Studio
-
|
-
-
|
-
| |
|
09/24/2020
|
Studio
|
-
|
-
|
$59,000
Studio
-
|
-
-
|
-
| |
|
09/20/2020
|
Studio
|
-
|
-
|
$105,000
Studio
-
|
-
-
|
-
| |
|
09/19/2020
|
Studio
|
-
|
-
|
$175,000
Studio
-
|
-
-
|
-
| |
|
09/17/2020
|
Studio
|
-
|
-
|
$89,000
Studio
-
|
-
-
|
-
| |
|
09/04/2020
|
Studio
|
-
|
-
|
$105,000
Studio
-
|
-
-
|
-
| |
|
09/01/2020
|
Studio
|
-
|
-
|
$69,000
Studio
-
|
-
-
|
-
| |
|
08/11/2020
|
Studio
|
-
|
-
|
$105,000
Studio
-
|
-
-
|
-
| |
|
08/06/2020
|
Studio
|
-
|
-
|
$99,000
Studio
-
|
-
-
|
-
| |
|
05/02/2020
|
Studio
|
-
|
-
|
$129,000
Studio
-
|
-
-
|
-
| |
|
01/31/2020
|
Studio
|
-
|
-
|
$55,000
Studio
-
|
-
-
|
-
| |
|
08/28/2019
|
Studio
|
-
|
-
|
$69,000
Studio
-
|
-
-
|
-
| |
|
01/26/2019
| |
Studio
|
-
|
-
|
$69,000
Studio
-
|
$119,000
+72.46%
09/18/2019
|
Christopher Kelly
RE/MAX Bayside
|
|
08/06/2019
|
Studio
|
-
|
-
|
$119,000
Studio
-
|
-
-
|
-
| |
|
05/26/2019
|
Studio
|
-
|
-
|
$58,900
Studio
-
|
-
-
|
-
| |
|
03/28/2019
|
Studio
|
-
|
-
|
$69,000
Studio
-
|
-
-
|
-
| |
|
01/26/2019
|
Studio
|
-
|
-
|
$69,000
Studio
-
|
-
-
|
-
| |
|
04/17/2018
|
Studio
|
-
|
-
|
-
Studio
-
|
-
-
|
-
| |
|
02/21/2018
| |
Studio
|
-
|
-
|
$81,900
Studio
-
|
$81,900
06/21/2018
|
James Mardis
BHHS Verani Moultonborough
|
|
04/17/2017
| |
Studio
|
-
|
-
|
$62,000
Studio
-
|
$62,000
06/09/2017
|
Christopher Kelly
RE/MAX Bayside
|
|
07/11/2017
|
Studio
|
-
|
-
|
-
Studio
-
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017