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2242 Stotesbury Way
About This Property
Olympia is one of the most desirable communities, offering resort-style living at its finest. The grand clubhouse features versatile spaces including a meeting room, fitness center, indoor basketball court, elegant great room, and catering kitchen. Outdoors, residents enjoy an array of activities with three lighted tennis courts, two pickleball courts, basketball and volleyball courts, a water park, a modern playground, and a stunning lagoon-style pool with poolside cabanas. A community with A+ rated Wellington schools with tons of shopping and dining areas near by.
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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 23, 2025 | Sold | ||
| Sold | |||
| Oct 15, 2025 | In contract | - | |
| In contract | |||
| Sep 7, 2025 | Listed by United Realty Group Inc. | $1,795,000 | |
| Listed by United Realty Group Inc. | |||
| Sep 28, 2021 | Sold | ||
| Sold | |||
| Jul 7, 2021 | Listed by United Realty Group Inc. | $1,050,000 | |
| Listed by United Realty Group Inc. | |||
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About Olympia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017