2640 Summit Drive #202
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%.
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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.
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/04/2024
|
2 Bed
|
2 Bath
|
1400 ft²
|
$449,900
2 Bed
2 Bath
1400 ft²
|
$476,500
+5.91%
08/16/2024
|
Nancy Gibson
Goggin Real Estate LLC
| |
|
05/16/2025
|
2 Bed
|
2 Bath
|
1824 ft²
|
$549,000
2 Bed
2 Bath
1824 ft²
|
$561,000
+2.19%
07/03/2025
|
Chrys Athanasakos
Jameson Sotheby's Intl Realty
| |
|
04/18/2025
|
3 Bed
|
2 Bath
|
2000 ft²
|
$610,000
3 Bed
2 Bath
2000 ft²
|
$635,000
+4.10%
05/21/2025
|
Paula McGrath
@properties Christie's International Real Estate
| |
|
03/27/2025
|
3 Bed
|
2 Bath
|
2069 ft²
|
$552,000
3 Bed
2 Bath
2069 ft²
|
$540,000
-2.17%
06/04/2025
|
Chrys Athanasakos
Jameson Sotheby's Intl Realty
| |
|
01/13/2025
|
2 Bed
|
2 Bath
|
1400 ft²
|
$449,900
2 Bed
2 Bath
1400 ft²
|
$449,900
02/07/2025
|
Pete Mangione
Coldwell Banker Realty
| |
|
09/16/2024
|
2 Bed
|
3 Bath
|
1824 ft²
|
$549,000
2 Bed
3 Bath
1824 ft²
|
$549,000
10/17/2024
|
Colin Gubbins
Coldwell Banker Realty
| |
|
04/12/2024
|
3 Bed
|
3 Bath
|
2069 ft²
|
$575,000
3 Bed
3 Bath
2069 ft²
|
$552,000
-4.00%
05/29/2024
|
Martha May
Berkshire Hathaway HomeServices Chicago
| |
|
03/06/2024
|
3 Bed
|
3 Bath
|
2060 ft²
|
$599,000
3 Bed
3 Bath
2060 ft²
|
$617,500
+3.09%
04/01/2024
|
Vittoria Logli
@properties Christie's International Real Estate
| |
|
11/27/2023
|
3 Bed
|
3 Bath
|
2063 ft²
|
$549,000
3 Bed
3 Bath
2063 ft²
|
$500,000
-8.93%
01/31/2024
|
Jim Stavros
Anthony Stavros
| |
|
03/22/2023
|
1 Bed
|
2 Bath
|
1365 ft²
|
$329,900
1 Bed
2 Bath
1365 ft²
|
$335,000
+1.55%
04/24/2023
|
Martha May
Berkshire Hathaway HomeServices Chicago
| |
|
08/18/2020
| |
Loft
|
2 Bath
|
-
|
$360,000
Loft
2 Bath
|
-
-
|
Stevie Sims
Engel & Volkers Chicago
|
|
03/27/2017
|
2 Bed
|
2 Bath
|
1604 ft²
|
$360,000
2 Bed
2 Bath
1604 ft²
|
$346,000
-3.89%
05/10/2017
|
Ellen Stern
Berkshire Hathaway HomeServices Chicago
| |
|
03/09/2017
|
2 Bed
|
2 Bath
|
1604 ft²
|
$360,000
2 Bed
2 Bath
1604 ft²
|
$345,000
-4.17%
06/30/2017
|
Alice Choi
Homesmart Connect LLC
| |
|
01/06/2017
|
2 Bed
|
2 Bath
|
1360 ft²
|
$324,000
2 Bed
2 Bath
1360 ft²
|
$310,000
-4.32%
08/15/2017
|
Maureen Mohling
@properties Christie's International Real Estate
| |
|
04/01/2008
|
2 Bed
|
2 Bath
|
1964 ft²
|
$475,000
2 Bed
2 Bath
1964 ft²
|
$417,500
-12.11%
07/02/2008
|
Janet Staackmann
@properties Christie's International Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017