27 Summit Avenue #2
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%.
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 |
|---|---|---|---|
| Dec 9, 2024 | Sold | ||
| Sold | |||
| Sep 7, 2024 | In contract | - | |
| In contract | |||
| Sep 3, 2024 | Listed by Compass | $2,399,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/26/2026
|
4 Bed
|
4 Bath
|
2403 ft²
|
$2,795,000
4 Bed
4 Bath
2403 ft²
|
$2,695,000
-3.58%
05/13/2026
|
Marika & Associates Group
Hammond Residential Real Estate
| |
|
09/03/2024
|
4 Bed
|
5 Bath
|
2403 ft²
|
$2,399,000
4 Bed
5 Bath
2403 ft²
|
$2,500,000
+4.21%
12/09/2024
|
Bell | Whitman Group
Compass
| |
|
09/03/2019
|
4 Bed
|
5 Bath
|
2403 ft²
|
$1,899,999
4 Bed
5 Bath
2403 ft²
|
$1,899,999
11/15/2019
|
Jeffrey Hamilton
Columbus and Over Group, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017