355 PALM DRIVE #2
About This Property
The manager has listed the unit size as 1270 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 |
|---|---|---|---|
| Dec 14, 2023 | Sold | ||
| Sold | |||
| Dec 13, 2023 | No longer available | - | |
| No longer available | |||
| Nov 3, 2023 | In contract | - | |
| In contract | |||
| Aug 18, 2023 | Price Decreased |
$260,000
↓ $20K
(7.1%) | |
| Price Decreased | |||
| Nov 30, 2022 | Price Decreased |
$280,000
↓ $15K
(5.1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/01/2024
|
2 Bed
|
2 Bath
|
1270 ft²
|
$240,000
2 Bed
2 Bath
1270 ft²
|
$150,000
-37.50%
09/30/2025
|
Debbie Holloway
Coldwell Banker Realty
| |
|
04/26/2024
|
2 Bed
|
2 Bath
|
1270 ft²
|
$245,000
2 Bed
2 Bath
1270 ft²
|
$167,500
-31.63%
06/01/2026
|
Juergen Haeringer
William Raveis Real Estate
| |
|
09/16/2022
|
2 Bed
|
2 Bath
|
1270 ft²
|
$295,000
2 Bed
2 Bath
1270 ft²
|
-
-
|
Mary Black
Mary J Black
| |
|
01/11/2021
|
2 Bed
|
2 Bath
|
1270 ft²
|
$175,000
2 Bed
2 Bath
1270 ft²
|
-
-
|
-
| |
|
07/14/2019
|
2 Bed
|
2 Bath
|
1270 ft²
|
$139,500
2 Bed
2 Bath
1270 ft²
|
-
-
|
-
| |
|
07/13/2019
|
2 Bed
|
2 Bath
|
-
|
$139,500
2 Bed
2 Bath
|
-
-
|
-
| |
|
04/26/2018
|
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017