255 Piney Wood Way #2
About This Property
The manager has listed the unit size as 1511 square feet.
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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 |
|---|---|---|---|
| Nov 17, 2023 | No longer available | - | |
| No longer available | |||
| Nov 3, 2023 | Relisted | $255,000 | |
| Relisted | |||
| Aug 30, 2023 | No longer available | - | |
| No longer available | |||
| Aug 8, 2023 | Price Decreased |
$255,000
↓ $43K
(14.3%) | |
| Price Decreased | |||
| May 16, 2023 | Price Increased |
$297,500
↑ $18K
(6.4%) | |
| Price Increased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/13/2023
|
3 Bed
|
2 Bath
|
1511 ft²
|
$279,500
3 Bed
2 Bath
1511 ft²
|
-
-
|
Joey Reid
APPALACHIAN LAND COMPANY
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017