28121 Montecito #21
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 22, 2025 | Sold | ||
| Sold | |||
| Dec 5, 2025 | In contract | - | |
| In contract | |||
| Nov 14, 2025 | Price Decreased |
$610,000
↓ $8K
(1.4%) | |
| Price Decreased | |||
| Nov 13, 2025 | Price Decreased |
$618,450
↓ $50
(0%) | |
| Price Decreased | |||
| Nov 10, 2025 | Price Decreased |
$618,500
↓ $500
(0.1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/29/2025
|
2 Bed
|
2 Bath
|
912 ft²
|
$665,000
2 Bed
2 Bath
912 ft²
|
$610,000
-8.27%
12/22/2025
|
Justin Tye
Active Realty Inc
| |
|
11/14/2024
|
2 Bed
|
2 Bath
|
890 ft²
|
$650,000
2 Bed
2 Bath
890 ft²
|
$635,000
-2.31%
12/20/2024
|
Herbie Zadeh
First Team Real Estate
| |
|
02/17/2023
|
3 Bed
|
2 Bath
|
1037 ft²
|
$620,000
3 Bed
2 Bath
1037 ft²
|
-
-
|
MOOMTAZ ASHRAFI
COLEMAN REALTY GROUP
| |
|
09/03/2021
|
2 Bed
|
1 Bath
|
796 ft²
|
$399,900
2 Bed
1 Bath
796 ft²
|
$475,000
+18.78%
12/07/2021
|
Rachael Ashley
Harcourts Prime Properties
| |
|
10/18/2018
|
2 Bed
|
2 Bath
|
912 ft²
|
$425,000
2 Bed
2 Bath
912 ft²
|
$416,818
-1.93%
11/20/2018
|
Paul Armstrong
Realty Network
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017