240 Algonquin Trail #240
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 |
|---|---|---|---|
| Jun 16, 2016 | Sold | ||
| Sold | |||
| Mar 16, 2016 | Listed by Berkshire Realty Group, LLC | $389,900 | |
| Listed by Berkshire Realty Group, LLC | |||
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This is not your ordinary Condo...Many upgrades makes this townhouse better than most! The Kitchen has flush inset custom Maple cabinets with beautiful granite counter tops. A large Island with Breakfast Bar, Wine Cooler, Warming Draw, and access out to deck for grilling make this a perfect place to entertain! Dining Room and Living Room have beautiful Hardwood floors with gas fireplace. Large Master suite has cathedral ceilings and fireplace. Master Bath was reconfigured from the standard to include a custom designed walk in closet, a Glass door with large Marble Tile Shower and body sprays. Custom Vanity Cabinets with Double Vanity sinks and Marble top! Spacious Second Bedroom with Cathedral Ceiling have plenty of closet space and private bathroom. On the third floor there is loft currently used as an office. Finished Room in Basement can be used as Bonus Room or Guest Bedroom with a walkout slider. Won't last long
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/16/2016
|
2 Bed
|
3 Bath
|
2053 ft²
|
$389,900
2 Bed
3 Bath
2053 ft²
|
$380,000
-2.54%
06/16/2016
|
Kim Jordan Kimball
Costello Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017