37 Pelican
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 |
|---|---|---|---|
| Oct 11, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 7, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Price Decreased |
$875,000
↓ $75K
(7.9%) | |
| Price Decreased | |||
| Jul 11, 2024 | Listed by Sunset Properties | $950,000 | |
| Listed by Sunset Properties | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/11/2024
| |
1 Bed
|
1 Bath
|
741 ft²
|
$950,000
1 Bed
1 Bath
741 ft²
|
$850,000
-10.53%
10/11/2024
|
Spomenka Zaninovich
Sunset Properties
|
|
04/11/2015
|
1 Bed
|
1 Bath
|
815 ft²
|
$535,000
1 Bed
1 Bath
815 ft²
|
$497,000
-7.10%
12/23/2015
|
Gail Cruse
Sotheby's International Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017