20
Map
2 Explorers Way #2
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 |
|---|---|---|---|
| Dec 2, 2025 | Sold | ||
| Sold | |||
| Oct 23, 2025 | In contract | - | |
| In contract | |||
| Oct 3, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2025 | Listed by RE/MAX Partners | $499,900 | |
| Listed by RE/MAX Partners | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/30/2025
|
2 Bed
|
2 Bath
|
1661 ft²
|
$499,900
2 Bed
2 Bath
1661 ft²
|
$499,900
12/02/2025
|
David Stead
RE/MAX Advantage 1
| |
|
11/30/2020
|
2 Bed
|
2 Bath
|
1661 ft²
|
$369,900
2 Bed
2 Bath
1661 ft²
|
$370,900
+0.27%
01/14/2021
|
David Stead
RE/MAX Advantage 1
| |
|
06/23/2014
|
2 Bed
|
2 Bath
|
1620 ft²
|
$319,990
2 Bed
2 Bath
1620 ft²
|
$310,000
-3.12%
06/17/2015
|
Madlyn Fafard
Fafard Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017