2509 MICHAELSON Way
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%.
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 |
|---|---|---|---|
| Aug 14, 2009 | Sold | ||
| Sold | |||
| Jul 14, 2009 | Listed by THE LEGENDS OF REAL ESTATE | $224,900 | |
| Listed by THE LEGENDS OF REAL ESTATE | |||
| Jun 30, 2008 | Listed by THE LEGENDS OF REAL ESTATE | $250,500 | |
| Listed by THE LEGENDS OF REAL ESTATE | |||
| Mar 29, 2006 | Sold | ||
| Sold | |||
| Dec 6, 2005 | Listed by REALTY EXECUTIVES, THE PROFESS | $324,900 | |
| Listed by REALTY EXECUTIVES, THE PROFESS | |||
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Spectacular home in great neighborhood. Split floor plan, high ceilings, glamorous mastersuite w/garden tub His & Hers vanity. Formal living room and dining room. Oversized Kitchen, upgraded appliances. Wood burning fireplace, sprinkler system, great room wired for surround sound, gutters, crown molding and screened patio overlooking nature preserve. Boat parking behind fence much more. Wow!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017