2306 Algonquin Road #1
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 |
|---|---|---|---|
| Dec 24, 2021 | Sold | ||
| Sold | |||
| Aug 4, 2021 | Listed by Chase Real Estate LLC | $95,900 | |
| Listed by Chase Real Estate LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/05/2022
|
2 Bed
|
1 Bath
|
1000 ft²
|
$115,000
2 Bed
1 Bath
1000 ft²
|
$113,000
-1.74%
01/25/2023
|
Stephanie Mederos
Realty of America
| |
|
10/28/2021
|
2 Bed
|
1 Bath
|
800 ft²
|
$100,000
2 Bed
1 Bath
800 ft²
|
$100,000
02/08/2022
|
Diana Matichyn
Coldwell Banker Realty
| |
|
08/04/2021
|
2 Bed
|
1 Bath
|
1000 ft²
|
$95,900
2 Bed
1 Bath
1000 ft²
|
$95,000
-0.94%
12/24/2021
|
Benjamin Escalante
Chase Real Estate LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017