2 Colony Road #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 |
|---|---|---|---|
| May 29, 2003 | Sold | ||
| Sold | |||
| Apr 4, 2003 | Listed by Park Square Realty | $54,900 | |
| Listed by Park Square Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/17/2003
|
2 Bed
|
1 Bath
|
541 ft²
|
$39,900
2 Bed
1 Bath
541 ft²
|
$38,000
-4.76%
07/31/2003
|
Cynthia Woodward
Landmark, REALTORS®
| |
|
04/04/2003
|
2 Bed
|
1 Bath
|
759 ft²
|
$54,900
2 Bed
1 Bath
759 ft²
|
$53,500
-2.55%
05/29/2003
|
Angela Gilligan
Coldwell Banker Residential Brokerage - Agawam
| |
|
08/31/2001
|
2 Bed
|
1 Bath
|
541 ft²
|
$26,000
2 Bed
1 Bath
541 ft²
|
$27,000
+3.85%
09/28/2001
|
Elizabeth Grimaldi
Grimaldi & Burzdak, Rltrs, Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017