21 Marengo Park #21
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%.
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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 6, 2025 | Sold | ||
| Sold | |||
| Aug 16, 2025 | In contract | - | |
| In contract | |||
| Aug 6, 2025 | Price Decreased |
$214,900
↓ $15K
(6.5%) | |
| Price Decreased | |||
| Jul 23, 2025 | Listed by Teamwork Realty Group, LLC | $229,900 | |
| Listed by Teamwork Realty Group, LLC | |||
| |||
|
Looking for the most spacious unit available in Springfield? Look no further! Marengo Park Condominiums are located in the Forest Park Heights Historic District. This particular property offers over 2000 square feet of living space and a desirable open floor plan. Living room has Cathedral Ceiling with Palladium window, Kitchen includes all appliances and leads to dining area with hardwood floors, dining room leads to balcony deck overlooking front yard. There are 3 spacious bedrooms and one full bath. The Gas heat, Central Air Conditioning and gas hot water tank were installed in 2012 (APO) and there are two assigned parking spaces in the rear of the building.There is a basement for additional storage and laundry hookups. The unit was built in 1991 with only 4 units in building. This home is convenient to the highway and area attractions. Marengo Park is NOT an FHA approved condo.
| |||
| Sep 26, 2014 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/23/2025
|
3 Bed
|
1 Bath
|
2194 ft²
|
$229,900
3 Bed
1 Bath
2194 ft²
|
$214,900
-6.52%
10/06/2025
|
Teamwork Realty Group
Teamwork Realty Group, LLC
| |
|
02/04/2014
|
3 Bed
|
1 Bath
|
2194 ft²
|
$89,900
3 Bed
1 Bath
2194 ft²
|
$76,500
-14.91%
09/26/2014
|
Teamwork Realty Group
Teamwork Realty Group, LLC
| |
|
07/14/1996
| |
3 Bed
|
1 Bath
|
-
|
$39,900
3 Bed
1 Bath
|
$39,500
-1.00%
02/24/1997
|
Douglas Coombs
Coldwell Banker Realty - Longmeadow
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017