2 Michael Drive
About This Property
You'll delight in the convenience of a 1st-floor laundry and an ample full basement, providing ample storage solutions. Step out from your great room onto a spacious deck, perfect for unwinding after a long day. The home's location just can't be beat! Close to a variety of shopping and dining options.
A large lot provides remarkable outdoor space, creating a private retreat in this bustling locale. Don't miss out on this splendid combination of comfort and luxury in Colonie!
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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 |
|---|---|---|---|
| Jan 15, 2026 | Sold | ||
| Sold | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Listed by Coldwell Banker Prime Properties | $639,900 | |
| Listed by Coldwell Banker Prime Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017