1
Map
245 Rainey DR #78A
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 |
|---|---|---|---|
| Mar 18, 2025 | Delisted | - | |
| Delisted | |||
| Mar 7, 2025 | In contract | - | |
| In contract | |||
| Feb 28, 2025 | Price Increased |
$250,000
↑ $15K
(6.4%) | |
| Price Increased | |||
| Jan 24, 2025 | Price Decreased |
$235,000
↓ $5K
(2.1%) | |
| Price Decreased | |||
| Jan 4, 2025 | Price Decreased |
$240,000
↓ $10K
(4%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/03/2025
| |
3 Bed
|
2 Bath
|
1896 ft²
|
$250,000
3 Bed
2 Bath
1896 ft²
|
$249,900
-0.04%
06/03/2025
|
Nicholas Himes
Keller Williams - Georgetown
|
|
08/04/2024
|
3 Bed
|
2 Bath
|
1896 ft²
|
$300,000
3 Bed
2 Bath
1896 ft²
|
-
-
|
Raymond Husser
LPT Realty, LLC
| |
|
01/26/2024
|
3 Bed
|
3 Bath
|
1896 ft²
|
$310,000
3 Bed
3 Bath
1896 ft²
|
-
-
|
Lisa Sandidge
Keller Williams Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017