264 Midland Avenue #22
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 31, 2024 | Sold | $492,500 | |
Sold | |||
Jan 31, 2024 | Listed by Christie's International Real Estate Group-Paramus | $499,995 | |
Listed by Christie's International Real Estate Group-Paramus | |||
Dec 20, 2023 | In contract | - | |
In contract |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/02/2023
|
2 Bed
|
3 Bath
|
-
|
$460,000
2 Bed
3 Bath
|
$460,000
08/02/2023
|
-
|
AVNER ZVULUN
REMAX PROPERTY CENTER
| |
06/30/2023
|
2 Bed
|
3 Bath
|
-
|
$434,900
2 Bed
3 Bath
|
$450,000
+3.47%
06/30/2023
|
-
|
Joan Ann Hanenberg
Coldwell Banker, Wayne
| |
07/29/2020
|
2 Bed
|
3 Bath
|
-
|
$385,001
2 Bed
3 Bath
|
$367,000
-4.68%
02/22/2021
|
CHERYL CASTRO
| ||
04/21/2020
|
2 Bed
|
3 Bath
|
1500 ft²
|
$360,000
2 Bed
3 Bath
1500 ft²
|
$356,500
-0.97%
09/18/2020
|
MARC TITUS
| ||
11/30/-0001
|
2 Bed
|
2.1 Bath
|
-
|
$425,000
2 Bed
2.1 Bath
|
$435,000
+2.35%
12/21/2022
|
-
|
Matthew Gevirtz
EXP Realty, LLC
| |
11/30/-0001
|
2 Bed
|
2.1 Bath
|
-
|
$434,900
2 Bed
2.1 Bath
|
$450,000
+3.47%
06/30/2023
|
-
|
Joan Ann Hanenberg
Coldwell Banker, Wayne
| |
11/30/-0001
|
2 Bed
|
2.1 Bath
|
-
|
$425,000
2 Bed
2.1 Bath
|
$440,000
+3.53%
04/21/2023
|
-
|
GENE LOWE
HOWARD HANNA RAND REALTY
|