38 Chestnut Cir #38
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 |
|---|---|---|---|
| Apr 11, 2023 | Sold | ||
| Sold | |||
| Feb 28, 2023 | In contract | - | |
| In contract | |||
| Feb 22, 2023 | Listed by Kinlin Grover Compass | $410,000 | |
| Listed by Kinlin Grover Compass | |||
| Oct 3, 2017 | Sold | ||
| Sold | |||
| Aug 4, 2017 | Listed by Kinlin Grover Compass | $289,000 | |
| Listed by Kinlin Grover Compass | |||
| | |||
|
Bright & beautiful unit with southern exposure! 2 full baths upstairs plus a gas Rinnai heater--a rare combo in The Colony. Backs up to woods & a grassy area for a very relaxing setting. Upgrades include laminate flooring on 1st flr., crown molding, recessed lighting, kitchen counters, fixtures, back splash, breakfast bar, microwave, slider, 2 windows in master, closet organizer in guest room, 2 toilets, & vanity in half bath. Extra window in eating area, 2 closets in master, & attic storage too. HOA fee includes fabulous amenities: indoor & outdoor pools, tennis courts, racquetball court, exercise room, shuffleboard, putting green, even horseshoes. Near bike path, Cape League Baseball, post office, schools, restaurants, bakery, bike shop, & fish market. Buyers/agents to confirm details.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/22/2023
|
2 Bed
|
3 Bath
|
1380 ft²
|
$410,000
2 Bed
3 Bath
1380 ft²
|
$442,500
+7.93%
04/11/2023
|
Tracey Oringer
Kinlin Grover Compass
| |
|
02/22/2023
| |
2 Bed
|
2.5 Bath
|
1380 ft²
|
$410,000
2 Bed
2.5 Bath
1380 ft²
|
$442,500
+7.93%
04/11/2023
|
Tracey Oringer
Kinlin Grover Real Estate
|
|
08/04/2017
|
2 Bed
|
3 Bath
|
1380 ft²
|
$289,000
2 Bed
3 Bath
1380 ft²
|
$285,000
-1.38%
10/03/2017
|
Amy Harbeck
Kinlin Grover Compass
| |
|
08/07/2014
|
2 Bed
|
3 Bath
|
1380 ft²
|
$229,000
2 Bed
3 Bath
1380 ft²
|
$217,500
-5.02%
10/15/2014
|
Amy Harbeck
Kinlin Grover Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017