351 Michael Lane #351
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 11, 2020 | Sold | ||
| Sold | |||
| Jun 23, 2020 | Listed by Four Seasons Sotheby's Int'l Realty | $539,000 | |
| Listed by Four Seasons Sotheby's Int'l Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/01/2022
| |
3 Bed
|
3 Bath
|
3235 ft²
|
$625,000
3 Bed
3 Bath
3235 ft²
|
$733,000
+17.28%
07/15/2022
|
Elizabeth Fleming
Coldwell Banker Hickok and Boardman
|
|
06/23/2020
|
3 Bed
|
3 Bath
|
3235 ft²
|
$539,000
3 Bed
3 Bath
3235 ft²
|
$544,000
+0.93%
08/11/2020
|
Jana Granzella
Four Seasons Sotheby's Int'l Realty
| |
|
05/24/2018
| |
3 Bed
|
3 Bath
|
3235 ft²
|
$499,000
3 Bed
3 Bath
3235 ft²
|
$480,000
-3.81%
03/18/2019
|
Meg Handler
Coldwell Banker Hickok and Boardman
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017