231 N MILL Road #2
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.
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/12/2025
|
2 Bed
|
1 Bath
|
1283 ft²
|
$237,900
2 Bed
1 Bath
1283 ft²
|
$221,000
-7.10%
10/15/2025
|
Martha Prado
JMAR Realty Group
| |
|
05/30/2024
|
2 Bed
|
2 Bath
|
1283 ft²
|
$274,900
2 Bed
2 Bath
1283 ft²
|
$278,000
+1.13%
08/09/2024
|
Gina Sommario
Mathisen Realty, Inc.
| |
|
06/23/2023
|
2 Bed
|
2 Bath
|
1150 ft²
|
$249,900
2 Bed
2 Bath
1150 ft²
|
$249,900
07/20/2023
|
Michael Kennedy
KELLER WILLIAMS-TREC
| |
|
08/27/2021
|
3 Bed
|
2 Bath
|
1200 ft²
|
$204,900
3 Bed
2 Bath
1200 ft²
|
$200,000
-2.39%
12/23/2021
|
Gregory Wroblewski
Coldwell Banker Real Estate Group
| |
|
04/18/2007
|
3 Bed
|
2 Bath
|
1250 ft²
|
$209,900
3 Bed
2 Bath
1250 ft²
|
$199,460
-4.97%
07/20/2007
|
Deanna Lullo
Century 21 Circle
| |
|
03/28/2007
|
2 Bed
|
2 Bath
|
1283 ft²
|
$224,900
2 Bed
2 Bath
1283 ft²
|
$220,000
-2.18%
07/24/2007
|
Dana Raducan
Major Enterprises, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017