240 Moree LOOP #1
About This Property
But the real allure of The Highlands lies in its community offerings. Step into the rustic-themed clubhouse, available for lease for your special events, and soak in the ambiance of this inviting space. Outside, take a dip in the junior Olympic-sized pool, or explore one of the four playgrounds. Sports enthusiasts will appreciate the tennis, pickleball, basketball, and volleyball courts, while nature lovers can stroll along the winding trails that meander throughout the community for miles.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 3, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Apr 17, 2024 | Listed by LPT REALTY | $199,000 | |
| Listed by LPT REALTY | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/21/2025
|
3 Bed
|
2 Bath
|
1187 ft²
|
$170,000
3 Bed
2 Bath
1187 ft²
|
$170,000
07/25/2025
|
Richard Geisinger, Jr.
Geisinger Realty LLC
| |
|
04/17/2024
|
3 Bed
|
2 Bath
|
1187 ft²
|
$199,000
3 Bed
2 Bath
1187 ft²
|
$210,000
+5.53%
06/03/2024
|
Didem Hanley
EXP REALTY LLC
| |
|
05/10/2022
|
3 Bed
|
2 Bath
|
1225 ft²
|
$175,000
3 Bed
2 Bath
1225 ft²
|
-
-
|
Peggy Welch
UNITED REAL ESTATE PREFERRED
|
Building Info
About Highlands
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017