216 Summit Ave #C3
About This Property
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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.
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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 |
|---|---|---|---|
| May 11, 2022 | Sold | ||
| Sold | |||
| Mar 22, 2022 | Listed by Coldwell Banker Realty - Brookline | $1,275,000 | |
| Listed by Coldwell Banker Realty - Brookline | |||
| | |||
|
Exquisitely renovated two level condos on the peak of Corey Hill. Foyer with soaring ceilings, flooded with sunshine. Elegant staircase leads to an open concept floor plan. Spacious dining area and large sunny living room with wood burning fireplace and Chesney mantel. Kitchen features Thermador / Miele appliances, white / gray counters and Italian cabinets. Doors to private treetop 235sf deck perfect for dining, lounging and entertaining and features remote control awning for sun exposure control. Two bedrooms and hallway feature wide plank hickory floors. Tile / porcelain luxury bath. In-unit laundry, garage parking plus an additional outdoor parking space, and extra-large storage. Updates include door, hardware, floors, both bathrooms, kitchen, mantle, decking, washer / dryer, lighting, staircase, windows. C and B line 0.5 mile, Wholefoods 0.25 mile, Corey Hill Park across the street. Coolidge Corner, Washington Sq nearby. Move in and enjoy!
| |||
| Jul 22, 2019 | Sold | ||
| Sold | |||
| May 28, 2019 | Listed by Compass | $930,000 | |
| Listed by Compass | |||
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
|
1 Bath
|
1213 ft²
|
$1,275,000
2 Bed
1 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
Buyers Brokers Only, LLC
| |
|
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%
05/23/2003
|
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