23 Wright Farm #23
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 |
|---|---|---|---|
| Aug 15, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 23, 2025 | In contract | - | |
| In contract | |||
| Jul 15, 2025 | Price Decreased |
$1,295,000
↓ $30K
(2.3%) | |
| Price Decreased | |||
| Jun 10, 2025 | Price Decreased |
$1,325,000
↓ $50K
(3.6%) | |
| Price Decreased | |||
| May 5, 2025 | Price Decreased |
$1,375,000
↓ $50K
(3.5%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/09/2025
|
4 Bed
|
2 Bath
|
3520 ft²
|
$1,425,000
4 Bed
2 Bath
3520 ft²
|
-
-
|
The Home Group
Coldwell Banker Realty - Lynnfield
| |
|
04/24/2019
|
4 Bed
|
4 Bath
|
3520 ft²
|
$949,000
4 Bed
4 Bath
3520 ft²
|
$939,000
-1.05%
08/05/2019
|
Susan Revis
Compass
| |
|
03/12/2014
|
4 Bed
|
4 Bath
|
3514 ft²
|
$729,000
4 Bed
4 Bath
3514 ft²
|
$730,000
+0.14%
07/02/2014
|
Sarah Kussin
Barrett Sotheby's International Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017