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2098 Normandy Court
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 |
|---|---|---|---|
| Oct 2, 2026 | Sold | ||
| Sold | |||
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Price Decreased |
$375,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Aug 24, 2026 | Price Decreased |
$380,000
↓ $19K
(4.8%) | |
| Price Decreased | |||
| Jul 30, 2026 | Price Decreased |
$399,000
↓ $26K
(6.1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/14/2026
| |
2 Bed
|
2 Bath
|
1305 ft²
|
$425,000
2 Bed
2 Bath
1305 ft²
|
$370,000
-12.94%
10/02/2026
|
Brady Sandahl
HOM Sotheby's International
|
|
03/23/2021
| |
2 Bed
|
2 Bath
|
1305 ft²
|
$290,000
2 Bed
2 Bath
1305 ft²
|
$290,000
05/13/2021
|
Robert Schlesier
Utopia Real Estate
|
|
01/09/2018
| |
2 Bed
|
2 Bath
|
1305 ft²
|
$229,000
2 Bed
2 Bath
1305 ft²
|
$200,000
-12.66%
04/03/2018
|
Jay Margrey
Vanguard Properties
|
Building Info
About Palm Springs
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017