300 Locust Dr #6
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 |
|---|---|---|---|
| Aug 26, 2025 | Sold | ||
| Sold | |||
| Jul 29, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Listed by LA BAY PROPERTIES | $435,000 | |
| Listed by LA BAY PROPERTIES | |||
| Mar 9, 2024 | No longer available | - | |
| No longer available | |||
| Jan 19, 2024 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/29/2025
|
2 Bed
|
2 Bath
|
1433 ft²
|
$435,000
2 Bed
2 Bath
1433 ft²
|
$412,000
-5.29%
08/26/2025
|
Derrick Gardner
LA BAY PROPERTIES
| |
|
09/13/2023
|
2 Bed
|
2 Bath
|
1433 ft²
|
$459,000
2 Bed
2 Bath
1433 ft²
|
-
-
|
Karla Upshur
WR Properties
| |
|
06/02/2023
|
3 Bed
|
2.5 Bath
|
1348 ft²
|
$495,000
3 Bed
2.5 Bath
1348 ft²
|
-
-
|
Dylon Baker
Rapisarda Real Estate
| |
|
12/20/2022
|
3 Bed
|
2.5 Bath
|
1348 ft²
|
$500,000
3 Bed
2.5 Bath
1348 ft²
|
-
-
|
Sheila Gonzales
eXp Realty of California, Inc
| |
|
10/22/2022
|
3 Bed
|
3 Bath
|
1348 ft²
|
$489,900
3 Bed
3 Bath
1348 ft²
|
-
-
|
James Stafford
Golden Gate Sotheby's International Realty
| |
|
05/14/2022
|
3 Bed
|
3 Bath
|
1348 ft²
|
$475,000
3 Bed
3 Bath
1348 ft²
|
-
-
|
Sabeela Shah
Security Pacific Real Estate
| |
|
12/25/2020
|
2 Bed
|
2 Bath
|
1452 ft²
|
$385,000
2 Bed
2 Bath
1452 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017