3 Mills Point #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 |
|---|---|---|---|
| Jan 21, 2025 | Sold | ||
| Sold | |||
| Oct 30, 2024 | In contract | - | |
| In contract | |||
| Oct 24, 2024 | Listed by J. Barrett & Company | $599,000 | |
| Listed by J. Barrett & Company | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/24/2024
|
2 Bed
|
3 Bath
|
1828 ft²
|
$599,000
2 Bed
3 Bath
1828 ft²
|
$625,000
+4.34%
01/21/2025
|
Joyce Herman
J. Barrett & Company
| |
|
09/12/1997
|
2 Bed
|
3 Bath
|
1794 ft²
|
$240,000
2 Bed
3 Bath
1794 ft²
|
$235,000
-2.08%
01/30/1998
|
Sharon Scobert
The Martin Group, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017