275 Reef Point Way #1
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 |
|---|---|---|---|
| Jul 18, 2019 | Sold | ||
| Sold | |||
| Jun 6, 2019 | Listed by Keller Williams Realty | $349,000 | |
| Listed by Keller Williams Realty | |||
| Jan 5, 2016 | Sold | ||
| Sold | |||
| Oct 16, 2015 | Listed by Hass Team Realty | $315,000 | |
| Listed by Hass Team Realty | |||
| | |||
|
Move in Ready!Great floorplan: 2 bed/2 bath condo. Sparkling clean in great condition.Kitchen fully equipped to incl fridge and granite countertops with custom pendant lighting. Imported Italian tile, recessed LED lighting, gas fireplace in the living room, central A/C, ceiling fans in all rooms, crown molding thru out and private balcony.Bright unit offers one car garage (epoxy flooring) Built in surround sound w/ speakers and TV bracket.This one won't last. Neighborhoods: Pelican Cove Complex Features: , Equipment: Garage Door Opener, Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/14/2025
|
3 Bed
|
3 Bath
|
1569 ft²
|
$719,000
3 Bed
3 Bath
1569 ft²
|
$710,000
-1.25%
05/27/2025
|
Edward Wehbe
The Oppenheim Group
| |
|
08/05/2024
| |
2 Bed
|
2 Bath
|
1005 ft²
|
$585,000
2 Bed
2 Bath
1005 ft²
|
$535,000
-8.55%
11/13/2024
|
Jamie Luke
Coldwell Banker Realty
|
|
06/06/2019
|
2 Bed
|
2 Bath
|
1005 ft²
|
$349,000
2 Bed
2 Bath
1005 ft²
|
$349,000
07/18/2019
|
Tammy Taunt
Select California Homes
| |
|
10/16/2015
|
2 Bed
|
2 Bath
|
1005 ft²
|
$315,000
2 Bed
2 Bath
1005 ft²
|
$295,000
-6.35%
01/05/2016
|
Robbie Calderon-Hass
Hass Team Realty
| |
|
01/28/2015
|
3 Bed
|
3 Bath
|
1569 ft²
|
$335,000
3 Bed
3 Bath
1569 ft²
|
$325,000
-2.99%
05/13/2015
|
OB Juncal
Juncal Real Estate
| |
|
05/18/2012
|
4 Bed
|
3 Bath
|
1569 ft²
|
$235,000
4 Bed
3 Bath
1569 ft²
|
$225,000
-4.26%
08/03/2012
|
Shawn Cao
Royal Capital Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017