22017 Palms Way #106
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%.
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 |
|---|---|---|---|
| Oct 14, 2025 | Sold | ||
| Sold | |||
| Sep 4, 2025 | In contract | - | |
| In contract | |||
| Aug 31, 2025 | Relisted | $242,500 | |
| Relisted | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Jul 31, 2025 | Price Decreased |
$242,500
↓ $16K
(6.2%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/20/2025
|
2 Bed
|
2 Bath
|
958 ft²
|
$305,000
2 Bed
2 Bath
958 ft²
|
$253,000
-17.05%
05/29/2026
|
Martha Vasquez
RE/MAX Advantage Plus
| |
|
04/02/2025
|
2 Bed
|
2 Bath
|
958 ft²
|
$265,000
2 Bed
2 Bath
958 ft²
|
$243,000
-8.30%
10/14/2025
|
Michael Kazdin
Keller Williams Realty Boca Raton
| |
|
03/14/2022
|
2 Bed
|
2 Bath
|
958 ft²
|
$265,000
2 Bed
2 Bath
958 ft²
|
$265,000
05/05/2022
|
Michael Kazdin
Keller Williams Realty Boca Raton
| |
|
06/25/2019
|
2 Bed
|
2 Bath
|
958 ft²
|
$170,000
2 Bed
2 Bath
958 ft²
|
$156,000
-8.24%
08/14/2019
|
Daniel Woodman
Keller Williams Realty Jupiter
| |
|
07/27/2017
|
2 Bed
|
2 Bath
|
958 ft²
|
$160,000
2 Bed
2 Bath
958 ft²
|
$154,000
-3.75%
09/15/2017
|
Friedrich Hinterberger
Silver International Realty
|
Building Info
About Boca Del Mar
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$2,500 /mo
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- 2 Baths
- 1,176 ft²
$2,350 /mo
- 1 Bed
- 1 Bath
- 700 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017