2380 Malayan Drive #C
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%.
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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 |
|---|---|---|---|
| May 29, 2015 | Sold | ||
| Sold | |||
| Mar 24, 2015 | Listed by Coldwell Banker | $77,500 | |
| Listed by Coldwell Banker | |||
| | |||
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March/April 2013: The entire interior was repainted including all closets and cabinets inside and out. Second Bedroom: new paddle fan. Guest Bathroom: new faucet, new light fixture, new towel racks. Hallway: New light fixture and new shelves in “coat” closet. Living Room/Dining Area: Installed rheostat switch for chandelier; 2 new cpaddle fans , new light switch, new rear door and rear windows. Kitchen: Removed drop ceiling, installed recessed lighting and decorative molding, new light fixture, replaced the sink and garbage disposal, new dishwasher, new refrigerator, new countertops, new hardware for cabinets, and new paddle fan. Master bedroom: New paddle fan, added a light switch, new light fixture for dressing vanity/sink, new faucet for 2nd sink, new hardware for cabinets/drawers, March/April 2013: The entire interior was repainted including all closets and cabinets inside and out. Second Bedroom: new paddle fan. Guest Bathroom: new faucet, new light fixture, new towel racks. Hallway: New light fixture and new shelves in "coat" closet. Living Room/Dining Area: Installed rheostat switch for chandelier; 2 new cpaddle fans , new light switch, new rear door and rear windows. Kitchen: Removed drop ceiling, installed recessed lighting and decorative molding, new light fixture, replaced the sink and garbage disposal, new dishwasher, new refrigerator, new countertops, new hardware for cabinets, and new paddle fan. Master bedroom: New paddle fan, added a light switch, new light fixture for dressing vanity/sink, new faucet for 2nd sink, new hardware for cabinets/drawers, and new towel rack. New folding door and shelves for the linen closet. Master bathroom: New counter top, new light fixture, new faucet, new hardware for cabinet, and new towel rack. Attic: installed an easy on and easy off light switch.
Pines of Delray R&R: Dogs are prohibited; up to 2 indoor cats are welcome; at least one occupant must be 55+; non-paying guests can stay at your apartment for 30 days per calender year with or without you being present; no co-occupant can be under the age of 18 except for 30 days per calendar year, occupants between 18-54 cannot reside on the premises unless a 55+ occupant is residing there are the same time; title to a property cannot be taken in the name of corporation, business partnership, LLC or business-type trust; life estates and family trusts are OK; a unit is not "eligible" to be leased out until it has been owned for 18 months; and after 18 months of ownership it cannot be leased out if more than 136 units are already under lease - you would go onto a "waiting list" maintained by he association office; the maximum occupancy of a unit is 6 persons; prohibited vehicles include any type of commercial vehicle, motor homes, recreational vehicles, vans, campers and golf carts; a non-commercial personal pick-up truck permitted (subject to association review); vendor and contractors can only work between 8-5 on weekdays and 8-3 on Saturdays; tankless hot water heaters are not permitted; no business can be conducted out of an apartment if it involves the visitation of customer or clients in the apartment or on the condominium grounds; the condominium association can deny approval of an applicant for good cause for the following(but not limited to the following) reasons: the applicant has been convicted of a crime involving violence to person, a crime demonstrating dishonesty or moral turpitude, any felony, a sexual offense of any nature, financial irresponsibility including prior bankruptcies, foreclosures, bad debts or has a history of disruptive behavior; if any type of hard flooring is to be installed in 2nd floor bedrooms or living room/dining area then approval of the soundproofing material is required; only the #101 and #104 unit owners may place moveable patio furniture onto the patios in front of those units; outdoor smoking is banned on any catwalk, open patio or within 50 feet of a building; swimming pool usage is permitted between 6am - 11pm.
| |||
| Mar 4, 2013 | Sold | ||
| Sold | |||
| Mar 31, 2012 | Listed by Coldwell Banker | $55,000 | |
| Listed by Coldwell Banker | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/22/2025
|
2 Bed
|
1 Bath
|
982 ft²
|
$175,000
2 Bed
1 Bath
982 ft²
|
$155,000
-11.43%
09/08/2025
|
Rachel Benes
Better Homes & Gdns RE Fla 1st
| |
|
06/19/2018
| |
2 Bed
|
2 Bath
|
982 ft²
|
-
2 Bed
2 Bath
982 ft²
|
-
-
|
-
|
|
03/24/2015
|
2 Bed
|
2 Bath
|
1075 ft²
|
$77,500
2 Bed
2 Bath
1075 ft²
|
$68,000
-12.26%
05/29/2015
|
Jeff Rosenthal
Coldwell Banker
| |
|
03/31/2012
|
2 Bed
|
2 Bath
|
1075 ft²
|
$55,000
2 Bed
2 Bath
1075 ft²
|
$49,000
-10.91%
03/04/2013
|
Jeff Rosenthal
Coldwell Banker
|
Building Info
About Pines of Delray West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017