311 COMPASS POINT DRIVE #201
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 |
|---|---|---|---|
| Jul 15, 2025 | Sold | ||
| Sold | |||
| Jun 6, 2025 | In contract | - | |
| In contract | |||
| May 6, 2025 | Price Decreased |
$825,000
↓ $20K
(2.4%) | |
| Price Decreased | |||
| Apr 13, 2025 | Price Decreased |
$845,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Mar 17, 2025 | Price Decreased |
$855,000
↓ $20K
(2.3%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/04/2024
|
2 Bed
|
2 Bath
|
2002 ft²
|
$875,000
2 Bed
2 Bath
2002 ft²
|
$785,330
-10.25%
07/15/2025
|
Dennis Smith, LLC
KELLER WILLIAMS ON THE WATER
| |
|
04/07/2019
|
2 Bed
|
2 Bath
|
1621 ft²
|
$519,000
2 Bed
2 Bath
1621 ft²
|
-
-
|
-
| |
|
02/06/2019
|
2 Bed
|
2 Bath
|
2002 ft²
|
$590,000
2 Bed
2 Bath
2002 ft²
|
-
-
|
-
| |
|
07/08/2017
| |
2 Bed
|
2 Bath
|
2049 ft²
|
-
2 Bed
2 Bath
2049 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017