2029 OTIS DR #B
About This Property
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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 |
|---|---|---|---|
| Mar 21, 2016 | Sold | ||
| Sold | |||
| Feb 17, 2016 | Listed by BHG HIGHLAND PARTNERS | $589,000 | |
| Listed by BHG HIGHLAND PARTNERS | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/21/2025
|
1 Bed
|
1 Bath
|
809 ft²
|
$499,000
1 Bed
1 Bath
809 ft²
|
$495,000
-0.80%
04/21/2025
|
Simone Koga
COMPASS
| |
|
08/26/2019
|
1 Bed
|
1 Bath
|
652 ft²
|
$350,000
1 Bed
1 Bath
652 ft²
|
$400,000
+14.29%
10/07/2019
|
Wanda Pryor
BHHS Drysdale Alameda
| |
|
06/09/2016
|
2 Bed
|
2 Bath
|
1072 ft²
|
$589,000
2 Bed
2 Bath
1072 ft²
|
$620,000
+5.26%
07/22/2016
|
Robert Randall
Randall Realty
| |
|
02/17/2016
|
2 Bed
|
1 Bath
|
954 ft²
|
$589,000
2 Bed
1 Bath
954 ft²
|
$650,000
+10.36%
03/21/2016
|
Gaylen Roberts
KW Advisors
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017