251 Pearl St #3
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 |
|---|---|---|---|
| Oct 24, 2024 | Sold | ||
| Sold | |||
| Sep 7, 2024 | Relisted | $1,125,000 | |
| Relisted | |||
| Sep 6, 2024 | In contract | - | |
| In contract | |||
| Aug 19, 2024 | Price Decreased |
$1,125,000
↓ $25K
(2.2%) | |
| Price Decreased | |||
| Aug 1, 2024 | Listed by Slifer Smith & Frampton-Bldr | $1,150,000 | |
| Listed by Slifer Smith & Frampton-Bldr | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/01/2024
|
2 Bed
|
2 Bath
|
1334 ft²
|
$1,150,000
2 Bed
2 Bath
1334 ft²
|
$1,100,000
-4.35%
10/24/2024
|
Candace Loving
Resident Realty North Metro
| |
|
06/16/2019
|
1 Bed
|
1 Bath
|
658 ft²
|
$495,000
1 Bed
1 Bath
658 ft²
|
-
-
|
-
| |
|
05/18/2013
|
1 Bed
|
1 Bath
|
658 ft²
|
$307,000
1 Bed
1 Bath
658 ft²
|
$308,500
+0.49%
06/10/2013
|
Amanda Salzman
Compass - Boulder
| |
|
10/24/2012
|
2 Bed
|
3 Bath
|
1262 ft²
|
$544,900
2 Bed
3 Bath
1262 ft²
|
$525,000
-3.65%
03/22/2013
|
John McElveen
milehimodern - Boulder
| |
|
04/20/2012
|
1 Bed
|
1 Bath
|
658 ft²
|
$295,000
1 Bed
1 Bath
658 ft²
|
$292,000
-1.02%
05/30/2012
|
Terry Larson
RE/MAX of Boulder
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017