2 Orient 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 |
|---|---|---|---|
| Sep 12, 2024 | Sold | ||
| Sold | |||
| Aug 9, 2024 | In contract | - | |
| In contract | |||
| Aug 5, 2024 | Price Decreased |
$574,900
↓ $25K
(4.2%) | |
| Price Decreased | |||
| Jul 19, 2024 | Price Increased |
$599,990
↑ $25K
(4.4%) | |
| Price Increased | |||
| Jul 8, 2024 | Listed by Aluxety | $574,900 | |
| Listed by Aluxety | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/08/2024
|
2 Bed
|
3 Bath
|
1955 ft²
|
$620,000
2 Bed
3 Bath
1955 ft²
|
$570,000
-8.06%
09/12/2024
|
Philip O'Donnell
Armstrong Field Real Estate
| |
|
06/01/2016
|
2 Bed
|
3 Bath
|
2430 ft²
|
$349,900
2 Bed
3 Bath
2430 ft²
|
$349,900
07/28/2016
|
Philip Dennesen
Keller Williams - Beverly
| |
|
05/01/2000
|
2 Bed
|
3 Bath
|
2430 ft²
|
$229,000
2 Bed
3 Bath
2430 ft²
|
$225,000
-1.75%
06/15/2000
|
Raysa Bonow
Sagan Agency REALTORS®
| |
|
10/07/1997
|
2 Bed
|
3 Bath
|
2400 ft²
|
$169,900
2 Bed
3 Bath
2400 ft²
|
$166,000
-2.30%
01/30/1998
|
Raysa Bonow
Sagan Agency REALTORS®
| |
|
03/03/1995
|
2 Bed
|
3 Bath
|
2400 ft²
|
$139,900
2 Bed
3 Bath
2400 ft²
|
$137,000
-2.07%
09/22/1995
|
Janet Howcroft
Five Star Realty Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017