216 Summit Avenue #C2
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 |
|---|---|---|---|
| Mar 31, 2022 | Sold | ||
| Sold | |||
| Feb 10, 2022 | Listed by Compass | $1,275,000 | |
| Listed by Compass | |||
| May 27, 2003 | Sold | ||
| Sold | |||
| Sep 22, 2002 | Listed by Jensen Real Estate | $589,000 | |
| Listed by Jensen Real Estate | |||
| | |||
|
STUNNING,SUNFILLED TWNHSE IN PRISTINE CONDITION W/TREETOP VIEWS FROM PRIVATE DECK.DESIGNER KITCHEN AND BATHS,JACUZZI, W/D IN UNIT,2 DEEDED PRKG 1 GARAGE,PRIV STORAGE,C/A,HRDWOOD FLRS WALK TO"T"FEELS LIKE A SINGLE.UNIQUE PROPERTY & SETTING
| |||
| Jun 26, 1998 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/20/2023
|
2 Bed
|
2 Bath
|
1220 ft²
|
$1,200,000
2 Bed
2 Bath
1220 ft²
|
$1,266,000
+5.50%
07/31/2023
|
Melissa Corkum
Coldwell Banker Realty - Newburyport
| |
|
03/22/2022
|
2 Bed
|
2 Bath
|
1213 ft²
|
$1,275,000
2 Bed
2 Bath
1213 ft²
|
$1,300,000
+1.96%
05/11/2022
|
Ruth Malkin
Compass
| |
|
02/10/2022
|
2 Bed
|
2 Bath
|
1370 ft²
|
$1,275,000
2 Bed
2 Bath
1370 ft²
|
$1,222,500
-4.12%
03/31/2022
|
Karen Butt
Compass
| |
|
05/28/2019
|
2 Bed
|
2 Bath
|
1180 ft²
|
$930,000
2 Bed
2 Bath
1180 ft²
|
$975,000
+4.84%
07/22/2019
|
Ruth Malkin
Compass
| |
|
10/24/2014
|
2 Bed
|
2 Bath
|
1390 ft²
|
$750,000
2 Bed
2 Bath
1390 ft²
|
$775,000
+3.33%
12/11/2014
|
Roz Wennett
Prudential Edna Kranz Realty
| |
|
10/02/2012
|
2 Bed
|
2 Bath
|
1220 ft²
|
$669,000
2 Bed
2 Bath
1220 ft²
|
$659,000
-1.49%
11/21/2012
|
Tracy Clark
Compass
| |
|
05/30/2012
|
2 Bed
|
2 Bath
|
1289 ft²
|
$649,000
2 Bed
2 Bath
1289 ft²
|
$636,000
-2.00%
08/24/2012
|
Buzz Birnbaum
Hammond Residential Real Estate
| |
|
01/12/2007
|
2 Bed
|
2 Bath
|
1390 ft²
|
$644,900
2 Bed
2 Bath
1390 ft²
|
$650,000
+0.79%
04/04/2007
|
Pamela Gilman
Advisors Living - Newton
| |
|
09/22/2002
|
2 Bed
|
2 Bath
|
1370 ft²
|
$589,000
2 Bed
2 Bath
1370 ft²
|
$605,000
+2.72%
05/27/2003
|
Maureen Plotkin
Jensen Real Estate
| |
|
02/13/2000
|
2 Bed
|
2 Bath
|
1621 ft²
|
$549,900
2 Bed
2 Bath
1621 ft²
|
$550,480
+0.11%
06/26/2000
|
Chobee Hoy
Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017