331 Michael Dr
About This Property
The manager has listed the unit size as 1540 square feet.
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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 |
|---|---|---|---|
| May 4, 2022 | No longer available | - | |
| No longer available | |||
| Mar 18, 2022 | Price Decreased |
$179,900
↓ $5K
(2.7%) | |
| Price Decreased | |||
| Feb 25, 2022 | Listed | $184,900 | |
| Listed | |||
| Dec 23, 2020 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/31/2023
| |
3 Bed
|
2 Bath
|
1680 ft²
|
$162,500
3 Bed
2 Bath
1680 ft²
|
-
-
|
LAURA SCOGGINS
BACKWATER REALTY, INC.
|
|
02/25/2022
| |
3 Bed
|
2 Bath
|
1540 ft²
|
$184,900
3 Bed
2 Bath
1540 ft²
|
-
-
|
George Talley
Talley Realty Services, LLC
|
|
11/03/2020
| |
3 Bed
|
2 Bath
|
1540 ft²
|
$125,000
3 Bed
2 Bath
1540 ft²
|
$115,000
-8.00%
12/23/2020
|
mickey walker
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017