3571 Magellan Cir #3414
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%.
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 |
|---|---|---|---|
| Jan 18, 2021 | No longer available | - | |
| No longer available | |||
| Oct 18, 2020 | Listed by Charles Rutenberg Realty LLC | $328,000 | |
| Listed by Charles Rutenberg Realty LLC | |||
| | |||
|
***FIRST FLOOR**INVESTOR FRIENDLY**RENT RIGHT AWAY**UNIT RENOVATED** GREAT SCHOOLS**BRAND NEW A/C** NO CARPET**NO STAIRS**PET FRIENDLY COMMUNITY**COMMON AREAS RECENTLY RENOVATED**PARKING NEXT TO UNIT**MAINTENANCE INCLUDES CABLE AND WATER** The manager has listed the unit size as 1143 square feet.
| |||
| Dec 21, 2019 | No longer available | - | |
| No longer available | |||
| Oct 4, 2019 | Price Increased |
$329,000
↑ $11K
(3.5%) | |
| Price Increased | |||
| Jul 10, 2019 | Listed by Charles Rutenberg Realty LLC | $318,000 | |
| Listed by Charles Rutenberg Realty LLC | |||
| | |||
|
**INVESTOR FRIENDLY**NO RENTAL RESTRICTIONS**UNIT RENOVATED** BRAND NEW A/C** NO CARPET** PET FRIENDLY COMMUNITY**COMMUNITY IS UNDERGOING RENOVATIONS** CURRENTLY RENTED FOR $ 2,467 TILL OCTOBER 2020. The manager has listed the unit size as 1143 square feet.
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/14/2021
|
2 Bed
|
2 Bath
|
1096 ft²
|
$249,900
2 Bed
2 Bath
1096 ft²
|
-
-
|
Vanessa Guzman
Keller Williams Realty International Lifestyles
| |
|
03/29/2021
|
3 Bed
|
2 Bath
|
1143 ft²
|
$325,000
3 Bed
2 Bath
1143 ft²
|
-
-
|
Gustavo Blachman
Terrabella Realty
| |
|
10/18/2020
|
3 Bed
|
2 Bath
|
1143 ft²
|
$328,000
3 Bed
2 Bath
1143 ft²
|
-
-
|
Alessandra Duffey
Charles Rutenberg Realty LLC
| |
|
12/31/2019
|
3 Bed
|
2 Bath
|
1143 ft²
|
$299,000
3 Bed
2 Bath
1143 ft²
|
-
-
|
Gustavo Blachman
Terrabella Realty
| |
|
06/28/2019
|
2 Bed
|
2 Bath
|
1096 ft²
|
$265,000
2 Bed
2 Bath
1096 ft²
|
-
-
|
Fabiola Saravia Chicas
Century 21 World Connection
| |
|
11/19/2019
|
2 Bed
|
2 Bath
|
1096 ft²
|
$245,000
2 Bed
2 Bath
1096 ft²
|
$230,000
-6.12%
03/26/2020
|
Juan Leal
Global Luxury Realty LLC
| |
|
07/10/2019
|
3 Bed
|
2 Bath
|
1143 ft²
|
$318,000
3 Bed
2 Bath
1143 ft²
|
-
-
|
Alessandra Duffey
Charles Rutenberg Realty LLC
| |
|
04/12/2018
|
3 Bed
|
2 Bath
|
1143 ft²
|
$325,000
3 Bed
2 Bath
1143 ft²
|
-
-
|
Alessandra Duffey
Charles Rutenberg Realty LLC
| |
|
07/30/2017
| |
3 Bed
|
2 Bath
|
1143 ft²
|
-
3 Bed
2 Bath
1143 ft²
|
-
-
|
-
|
|
01/08/2014
|
2 Bed
|
2 Bath
|
1143 ft²
|
$199,900
2 Bed
2 Bath
1143 ft²
|
$200,000
+0.05%
02/27/2014
|
Martin Baglioni
RE/MAX Performance
|
Building Info
About Aventura
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017