34 Michael Way #34
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%.
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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 25, 2020 | Sold | ||
| Sold | |||
| Jul 24, 2020 | Listed by RE/MAX Partners | $499,900 | |
| Listed by RE/MAX Partners | |||
| | |||
|
This 3 bedroom townhouse envelopes you in warmth and style. The sellers have spared no expense in carefully upgrading the three finished living levels, starting at the front door and continuing throughout. The main level offers a powder room, living room with fireplace & French doors to a private deck along with an expansive updated kitchen with granite counters, custom styled back splash and custom wood cabinets, new appliances and spacious dining area. The 2nd floor features a master suite with ample closet space & a private bath with luxurious soaking tub. There are 2 additional sizable bedrooms and a full bath. The bathrooms have been remodeled, recessed lighting added and the lower level completely finished to provide more great space with a home office and casual family room or gameroom. Ease of living features include central vac, both a 2nd floor and lower level laundry, attached garage w/wifi enabled door opener, and water heater with automatic leak detection & shut off.
| |||
| Feb 27, 2014 | Sold | ||
| Sold | |||
| Sep 20, 2013 | Listed by Better Homes and Gardens Real Estate - The Shanahan Group | $425,000 | |
| Listed by Better Homes and Gardens Real Estate - The Shanahan Group | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/24/2020
|
3 Bed
|
4 Bath
|
2609 ft²
|
$499,900
3 Bed
4 Bath
2609 ft²
|
$515,000
+3.02%
09/25/2020
|
The Carroll Group
RE/MAX Partners
| |
|
09/20/2013
|
3 Bed
|
2 Bath
|
2026 ft²
|
$425,000
3 Bed
2 Bath
2026 ft²
|
$405,000
-4.71%
02/27/2014
|
June Burt
Better Homes and Gardens Real Estate - The Shanahan Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017