31 Farm Road #B2
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%.
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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 |
|---|---|---|---|
| May 7, 2021 | Sold | ||
| Sold | |||
| Mar 11, 2021 | Listed by Bromley Real Estate | $249,000 | |
| Listed by Bromley Real Estate | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/08/2025
|
3 Bed
|
2 Bath
|
1394 ft²
|
$439,000
3 Bed
2 Bath
1394 ft²
|
$429,000
-2.28%
04/14/2025
|
Dylan Gage
Bromley Real Estate
| |
|
06/08/2022
|
3 Bed
|
2 Bath
|
1102 ft²
|
$335,000
3 Bed
2 Bath
1102 ft²
|
$335,000
11/15/2022
|
Dylan Gage
Bromley Real Estate
| |
|
03/11/2021
|
3 Bed
|
2 Bath
|
1014 ft²
|
$249,000
3 Bed
2 Bath
1014 ft²
|
$255,000
+2.41%
05/07/2021
|
Dylan Gage
Bromley Real Estate
| |
|
04/28/2019
|
3 Bed
|
2 Bath
|
1000 ft²
|
$199,500
3 Bed
2 Bath
1000 ft²
|
$199,000
-0.25%
06/21/2019
|
Bob Maisey
Four Seasons Sotheby's Int'l Realty
| |
|
05/23/2018
|
3 Bed
|
2 Bath
|
1014 ft²
|
$175,000
3 Bed
2 Bath
1014 ft²
|
$165,000
-5.71%
07/12/2019
|
Dylan Gage
Bromley Real Estate
| |
|
04/04/2018
|
3 Bed
|
3 Bath
|
1280 ft²
|
$214,900
3 Bed
3 Bath
1280 ft²
|
$204,900
-4.65%
10/30/2018
|
Marek Kovac
TPW Real Estate
| |
|
06/19/2012
|
3 Bed
|
2 Bath
|
1000 ft²
|
$169,500
3 Bed
2 Bath
1000 ft²
|
$142,500
-15.93%
11/28/2012
|
Donna Murray
Varick Associates Ltd
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017