3 Michael Dr. #3
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 |
|---|---|---|---|
| Aug 31, 2021 | Sold | ||
| Sold | |||
| Jul 14, 2021 | Listed by RE/MAX Connections | $299,900 | |
| Listed by RE/MAX Connections | |||
| | |||
|
Don't sleep on this one or you might not be sleeping in it! At Mill Pond Estates is this very rare offering, and she is spectacular. This beautifully appointed and meticulously maintained STAND ALONE condominium offers the ease of one floor living combined with the extra space you still want available. The primary bedroom and bath as well as laundry and many living spaces are all on the 1st floor so if stairs aren't kind to you, no need to worry. The second floor has 2 additional bedroom/ office spaces as well as another full bathroom and family/flex space with endless potential. The full basement is ready to store all of your extra stuff . Dogs under 40 lbs are allowed as well as 2 cats. Please see the attached bylaws for details. Mill Pond Estates is an exclusive over 55 community.
| |||
| Oct 18, 2005 | Sold | ||
| Sold | |||
| Jan 14, 2005 | Listed by Park Square Realty | $285,000 | |
| Listed by Park Square Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/14/2021
|
3 Bed
|
3 Bath
|
2040 ft²
|
$299,900
3 Bed
3 Bath
2040 ft²
|
$305,000
+1.70%
08/31/2021
|
Karen King Group
RE/MAX Connections
| |
|
01/14/2005
|
3 Bed
|
3 Bath
|
1636 ft²
|
$285,000
3 Bed
3 Bath
1636 ft²
|
$269,000
-5.61%
10/21/2005
|
Dee Cyr
Park Square Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017