31 Santa Barbara Drive #31
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 17, 2025 | Sold | ||
| Sold | |||
| Sep 26, 2025 | In contract | - | |
| In contract | |||
| Aug 30, 2025 | Price Decreased |
$745,000
↓ $33K
(4.2%) | |
| Price Decreased | |||
| Aug 6, 2025 | Listed by Douglas Elliman Real Estate | $778,000 | |
| Listed by Douglas Elliman Real Estate | |||
| |||
|
This bright and oversized unit features 2 bedrooms, a dedicated home office, and 3 full bathrooms. Garage conversion provides large mudroom/laundry and additional bonus room. First floor features eat-in kitchen with brand new quartz counters and backsplash, newer appliances, large island, bonus room, bathroom, and laundry room. Oversized family room with vaulted ceilings, two bedrooms, ample closet space, and full bath. Lower level features den and office. Enjoy seamless indoor-outdoor living with a new sliding glass door that opens to your private deck—perfect for relaxing or entertaining. The community features a beautifully renovated clubhouse with gym, pool, tennis court, pickleball court, basketball court, barbecue area and playground. Convenience is added with proximity to restaurants, shops, supermarkets, pharmacies, and schools.
| |||
| Feb 29, 2024 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/06/2025
|
2 Bed
|
3 Bath
|
1962 ft²
|
$778,000
2 Bed
3 Bath
1962 ft²
|
$715,000
-8.10%
12/17/2025
|
Patricia Salegna
Douglas Elliman Real Estate
| |
|
11/27/2023
|
2 Bed
|
2 Bath
|
-
|
$649,000
2 Bed
2 Bath
|
$741,000
+14.18%
02/29/2024
|
Michael Ohabi
Voro LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017