32 Michael Way #21
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 |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Jul 31, 2024 | In contract | - | |
| In contract | |||
| Jul 24, 2024 | Listed by Coldwell Banker Realty - Andover | $725,000 | |
| Listed by Coldwell Banker Realty - Andover | |||
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Carefree Timelessness! Condo Class Living saves money & time so you can do what you love most! Looks like a single family, feels like a single family, lives like a single family, without all the exterior work! Brand new repaving of asphalt roadways, parking lots, & driveways in the complex coming in the middle of August according to management company (see paperclip info). It doesn't get any easier, you can live all on the first floor with primary bedroom and full bath, home office or 2nd bedroom, 2nd full bath, kitchen, combined dining room & sunroom, living room, laundry, and garage access, all for your convenience. There is so much more, there is a loft, 3rd bedroom, private home office, full bath and bonus exercise or hobby room on the 2nd floor. Big, roomy unfinished basement area with bulkhead access to the exterior. Super convenient, just over 1 mile to town center and quick direct access to route 93 off Dascomb Rd. Peaceful & Private! Your simpler and new happy life, is here!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/24/2024
|
3 Bed
|
3 Bath
|
2895 ft²
|
$725,000
3 Bed
3 Bath
2895 ft²
|
$741,000
+2.21%
09/30/2024
|
Laura Hughes
Campion & Company Fine Homes Real Estate
| |
|
01/02/2007
|
3 Bed
|
3 Bath
|
3331 ft²
|
$519,000
3 Bed
3 Bath
3331 ft²
|
$521,000
+0.39%
07/30/2007
|
William Buck
Stone Wall Real Estate
| |
|
04/08/2005
|
4 Bed
|
3 Bath
|
3331 ft²
|
$599,900
4 Bed
3 Bath
3331 ft²
|
$585,000
-2.48%
06/29/2005
|
Johanna Webster
Coldwell Banker Realty - Andover
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017