2 Franklin Commons #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 |
|---|---|---|---|
| May 13, 2022 | Sold | ||
| Sold | |||
| Mar 18, 2022 | In contract | - | |
| In contract | |||
| Mar 10, 2022 | Relisted | $354,000 | |
| Relisted | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/01/2022
|
2 Bed
|
2 Bath
|
-
|
$354,000
2 Bed
2 Bath
|
$350,000
-1.13%
05/13/2022
|
Phyllis Bornschein
Douglas Elliman Real Estate
| |
|
07/17/2020
| |
2 Bed
|
1 Bath
|
-
|
$270,000
2 Bed
1 Bath
|
$270,000
03/16/2021
|
Richard C. Broere
Douglas Elliman Real Estate
|
|
01/30/2017
| |
2 Bed
|
1 Bath
|
-
|
$235,000
2 Bed
1 Bath
|
$227,500
-3.19%
06/05/2017
|
Anthony L. Guidice
RE/MAX Signature Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017