2 Wallace Drive
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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 3, 2020 | Sold | ||
| Sold | |||
| Sep 23, 2020 | In contract | - | |
| In contract | |||
| May 11, 2020 | Listed by Douglas Elliman Real Estate | $485,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Nov 3, 2019 | No longer available | - | |
| No longer available | |||
| Jun 30, 2019 | Listed by Douglas Elliman Real Estate | $499,000 | |
| Listed by Douglas Elliman Real Estate | |||
| | |||
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Updated 3Bdrs, 1Bath Ranch In Heart Of Plainview. Oak Flrs, Maple Kitchen with Granite counter tops. Newer Pella & Marvin Windows, 4 Skylights Bright And Open, 3 Year Old Roof. Detached 1.5 garage, 2 separate driveways. New Hot Water Tank, 2 new A/C units and new stove top The manager has listed the unit size as 1032 square feet.
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Address: 335 Madison Avenue, New York, NY 10017