24-18 42nd Street
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 |
---|---|---|---|
Oct 11, 2024 | Price Decreased |
$1,399,000
↓ $50K
(3.5%) | |
Price Decreased | |||
Aug 7, 2024 | Price Decreased |
$1,449,000
↓ $49K
(3.3%) | |
Price Decreased | |||
Jul 2, 2024 | Price Decreased |
$1,498,000
↓ $100K
(6.3%) | |
Price Decreased | |||
May 10, 2024 | Listed by Amorelli Realty LLC | $1,598,000 | |
Listed by Amorelli Realty LLC | |||
Jun 30, 2022 | Sold to 2418 Astoria Llc | ||
Sold to 2418 Astoria Llc |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/10/2024
| |
3 Bed
|
3 Bath
|
-
|
$1,399,000
3 Bed
3 Bath
|
$1,275,000
-8.86%
04/09/2025
|
-
|
Nicholas Halvatzis
Amorelli Realty LLC
|
Building Info
