28
Map
2 Morgan Circle #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 |
|---|---|---|---|
| Nov 25, 2025 | Sold | ||
| Sold | |||
| Oct 22, 2025 | In contract | - | |
| In contract | |||
| Oct 15, 2025 | Price Decreased |
$635,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Oct 1, 2025 | Listed by Coldwell Banker Realty - Northborough | $650,000 | |
| Listed by Coldwell Banker Realty - Northborough | |||
| Sep 29, 2023 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/01/2025
|
2 Bed
|
2 Bath
|
2144 ft²
|
$650,000
2 Bed
2 Bath
2144 ft²
|
$630,000
-3.08%
11/25/2025
|
Mary Barry
Conway - Marshfield
| |
|
08/08/2023
|
2 Bed
|
2 Bath
|
2144 ft²
|
$580,000
2 Bed
2 Bath
2144 ft²
|
$586,000
+1.03%
09/29/2023
|
Dawn Szczygiel
Lamacchia Realty, Inc.
| |
|
03/04/2020
|
2 Bed
|
2 Bath
|
2104 ft²
|
$489,900
2 Bed
2 Bath
2104 ft²
|
$491,000
+0.22%
06/10/2021
|
Darren Plante
Woodgate Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017