3 Michael Ave
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 2, 2020 | Sold | ||
| Sold | |||
| Sep 11, 2020 | Listed by Braga & Associates | $1,450,000 | |
| Listed by Braga & Associates | |||
| Jul 11, 2003 | Sold | ||
| Sold | |||
| Sep 25, 2002 | Listed by William Raveis R.E. & Home Services | $679,900 | |
| Listed by William Raveis R.E. & Home Services | |||
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MAGNIFICENT VIEWS OF THE OCEAN AND RIVERMOOR BEACH PERFECT FOR EMPTY NESTERS LOOKING TO DOWNSIZE GREAT LOCATION, HOUSE NEEDS MINOR UPDATING OPEN FLOOR PLAN, COULD BE AWESOME W/NEW PAINT&CARPET
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Address: 335 Madison Avenue, New York, NY 10017