TBD Boulder Creek Drive #1
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 24, 2026 | In contract | - | |
| In contract | |||
| Aug 24, 2026 | Sold | ||
| Sold | |||
| May 20, 2026 | Relisted | $1,690,000 | |
| Relisted | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| Oct 30, 2025 | Price Increased |
$1,690,000
↑ $40K
(2.4%) | |
| Price Increased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/23/2025
|
4 Bed
|
4 Bath
|
3981 ft²
|
$1,650,000
4 Bed
4 Bath
3981 ft²
|
$1,600,000
-3.03%
08/24/2026
|
Glo Kearns
RE/MAX Executive
| |
|
06/28/2022
| |
4 Bed
|
5 Bath
|
3382 ft²
|
$1,199,000
4 Bed
5 Bath
3382 ft²
|
-
-
|
Dallas Handy
Realty One Group Results-Boone
|
|
10/28/2021
| |
Loft
|
-
|
-
|
$199,900
Loft
-
|
-
-
|
Bob de Camara
Boone Real Estate
|
|
03/12/2021
|
Loft
|
-
|
-
|
$85,000
Loft
-
|
-
-
|
Brandon Freyer
Keller Williams - Lake Norman - Cornelius
| |
|
09/04/2018
| |
Studio
|
-
|
-
|
-
Studio
-
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017