292 FARMFIELD Drive #111
About This Property
Discover the elegance of the Ortega A Open Concept Design! This home features an open kitchen adorned with pristine cabinets, sparkling quartz countertops, and an oversized island perfect for entertaining. The gas range and spacious corner pantry add both style and functionality to your culinary adventures. With 9' ceilings throughout, the home feels airy and grand. The Owner's Suite is a true retreat, complete with a luxurious bath featuring double sinks, , and a step-in shower. Enjoy the beauty and durability of laminate flooring throughout the main living areas, and step outside to relax on the covered lanai. The Ortega is where sophistication meets comfort.
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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 |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Oct 10, 2024 | In contract | - | |
| In contract | |||
| Aug 16, 2024 | Price Decreased |
$399,990
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Aug 9, 2024 | Price Decreased |
$404,990
↓ $18K
(4.3%) | |
| Price Decreased | |||
| Jul 6, 2024 | Listed by OLYMPUS EXECUTIVE REALTY, INC | $422,990 | |
| Listed by OLYMPUS EXECUTIVE REALTY, INC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/06/2024
|
3 Bed
|
2 Bath
|
1622 ft²
|
$422,990
3 Bed
2 Bath
1622 ft²
|
$395,000
-6.62%
11/22/2024
|
Nancy Pruitt
Olympus Executive Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017