1
Map
247 REX PLACE #H
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 |
|---|---|---|---|
| Jul 9, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| Apr 27, 2026 | Listed by RE/MAX ACTION FIRST OF FLORIDA | $372,000 | |
| Listed by RE/MAX ACTION FIRST OF FLORIDA | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/27/2026
|
2 Bed
|
1 Bath
|
1040 ft²
|
$372,000
2 Bed
1 Bath
1040 ft²
|
$362,000
-2.69%
07/09/2026
|
Michelle Menzione Garcia PA
RE/MAX Direct
| |
|
04/11/2023
|
2 Bed
|
1.5 Bath
|
1040 ft²
|
$535,000
2 Bed
1.5 Bath
1040 ft²
|
-
-
|
Kylyn Collins
WATERFRONT REALTY TAMPABAY
| |
|
12/02/2022
|
2 Bed
|
2 Bath
|
1090 ft²
|
$659,000
2 Bed
2 Bath
1090 ft²
|
$585,000
-11.23%
01/12/2023
|
John Erik Savitsky
ENGEL & VOLKERS ST. PETE
| |
|
01/08/2022
|
2 Bed
|
2 Bath
|
1040 ft²
|
$459,000
2 Bed
2 Bath
1040 ft²
|
-
-
|
Valerie Acree
RE/MAX METRO
| |
|
07/08/2017
| |
2 Bed
|
1.5 Bath
|
1040 ft²
|
-
2 Bed
1.5 Bath
1040 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017