255 Michaelis #A
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 |
|---|---|---|---|
| Sep 10, 2024 | In contract | - | |
| In contract | |||
| Aug 16, 2024 | Price Decreased |
$275,000
↓ $17K
(5.7%) | |
| Price Decreased | |||
| Jul 14, 2024 | Price Decreased |
$291,500
↓ $8K
(2.5%) | |
| Price Decreased | |||
| Jun 7, 2024 | Price Decreased |
$299,000
↓ $6K
(1.9%) | |
| Price Decreased | |||
| May 16, 2024 | Listed by Brodsky Properties | $304,900 | |
| Listed by Brodsky Properties | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/16/2024
|
3 Bed
|
3 Bath
|
1540 ft²
|
$304,900
3 Bed
3 Bath
1540 ft²
|
$275,000
-9.81%
05/16/2024
|
Courtney Unangst
David Brodsky Properties
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017