220 Meadow Ridge Lane #2
About This Property
The manager has listed the unit size as 1280 square feet.
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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 |
|---|---|---|---|
| Nov 16, 2020 | Sold | ||
| Sold | |||
| Jun 5, 2019 | No longer available | - | |
| No longer available | |||
| May 24, 2019 | Price Decreased |
$84,000
↓ $1K
(1.2%) | |
| Price Decreased | |||
| May 5, 2019 | Price Decreased |
$85,000
↓ $2K
(2.3%) | |
| Price Decreased | |||
| Apr 17, 2019 | Price Decreased |
$87,000
↓ $2K
(2.3%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/16/2022
|
2 Bed
|
2 Bath
|
1048 ft²
|
$220,000
2 Bed
2 Bath
1048 ft²
|
-
-
|
Tracey Lynne Lightfoot PC
Worley and Associates
| |
|
03/03/2021
|
2 Bed
|
2 Bath
|
1205 ft²
|
$159,900
2 Bed
2 Bath
1205 ft²
|
-
-
|
-
| |
|
12/30/2020
|
3 Bed
|
3 Bath
|
1497 ft²
|
$189,900
3 Bed
3 Bath
1497 ft²
|
-
-
|
-
| |
|
02/09/2020
|
2 Bed
|
2 Bath
|
1205 ft²
|
$115,900
2 Bed
2 Bath
1205 ft²
|
-
-
|
-
| |
|
09/09/2019
|
3 Bed
|
3 Bath
|
1497 ft²
|
$140,000
3 Bed
3 Bath
1497 ft²
|
-
-
|
-
| |
|
02/15/2019
|
2 Bed
|
2 Bath
|
1280 ft²
|
$90,000
2 Bed
2 Bath
1280 ft²
|
-
-
|
-
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017