22016 PALMS WAY #205
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 |
|---|---|---|---|
| May 31, 2023 | Sold | ||
| Sold | |||
| Oct 17, 2022 | Listed by RE/MAX Select Group | $260,000 | |
| Listed by RE/MAX Select Group | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/04/2023
|
2 Bed
|
2 Bath
|
958 ft²
|
$260,000
2 Bed
2 Bath
958 ft²
|
$235,000
-9.62%
04/04/2023
|
Michael Kazdin
Keller Williams Realty Boca Raton
| |
|
10/17/2022
|
2 Bed
|
2 Bath
|
958 ft²
|
$260,000
2 Bed
2 Bath
958 ft²
|
$245,000
-5.77%
05/31/2023
|
Martha Vasquez
RE/MAX Advantage Plus
| |
|
11/16/2016
|
2 Bed
|
2 Bath
|
1000 ft²
|
$155,000
2 Bed
2 Bath
1000 ft²
|
$150,500
-2.90%
11/27/2016
|
Michael Kazdin
Keller Williams Realty Boca Raton
| |
|
08/25/2008
|
2 Bed
|
2 Bath
|
968 ft²
|
$127,000
2 Bed
2 Bath
968 ft²
|
$90,000
-29.13%
05/15/2009
|
Martha Vasquez
RE/MAX Advantage Plus
|
Building Info
About Boca Del Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017