3 Larson Drive #3
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 |
|---|---|---|---|
| Jun 25, 2025 | Sold | ||
| Sold | |||
| May 14, 2025 | Listed by Busby Real Estate, LLC | $424,900 | |
| Listed by Busby Real Estate, LLC | |||
| | |||
| Jul 18, 2019 | Sold | ||
| Sold | |||
| Jun 2, 2019 | Listed by BHHS Verani Londonderry | $237,500 | |
| Listed by BHHS Verani Londonderry | |||
| Sep 30, 2013 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/14/2025
|
2 Bed
|
1 Bath
|
2213 ft²
|
$424,900
2 Bed
1 Bath
2213 ft²
|
$435,000
+2.38%
06/25/2025
|
Kathleen Busby
Busby Real Estate, LLC
| |
|
09/14/2021
| |
2 Bed
|
2 Bath
|
1890 ft²
|
$310,000
2 Bed
2 Bath
1890 ft²
|
$355,000
+14.52%
10/27/2021
|
Brian Cossette
RE/MAX Bentley's
|
|
06/02/2019
|
2 Bed
|
2 Bath
|
1720 ft²
|
$237,500
2 Bed
2 Bath
1720 ft²
|
$237,500
07/18/2019
|
Stacia Mackie
eXp Realty LLC - Corporate Office
| |
|
06/19/2013
|
2 Bed
|
2 Bath
|
1720 ft²
|
$209,900
2 Bed
2 Bath
1720 ft²
|
$208,000
-0.91%
09/30/2013
|
Debbie Tringali
Keller Williams Gateway Realty/Salem
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017