22 Michael St #22
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 |
|---|---|---|---|
| Sep 22, 2023 | Sold | ||
| Sold | |||
| Aug 8, 2023 | In contract | - | |
| In contract | |||
| Jul 22, 2023 | Relisted | $299,000 | |
| Relisted | |||
| May 26, 2023 | In contract | - | |
| In contract | |||
| May 17, 2023 | Listed by Lion Gate Real Estate, Inc. | $299,000 | |
| Listed by Lion Gate Real Estate, Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/17/2023
|
3 Bed
|
3 Bath
|
1530 ft²
|
$299,000
3 Bed
3 Bath
1530 ft²
|
$355,000
+18.73%
09/22/2023
|
Pierre Pompilus
Top Realty
| |
|
06/01/2008
| |
6 Bed
|
6 Bath
|
2392 ft²
|
$279,990
6 Bed
6 Bath
2392 ft²
|
$269,759
-3.65%
10/10/2008
|
Darla Prentice
Prentice Realty Group
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017