3840 NORMANDY DRIVE #1B
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 |
|---|---|---|---|
| Jun 25, 2026 | Sold | ||
| Sold | |||
| Jun 8, 2026 | In contract | - | |
| In contract | |||
| May 9, 2026 | Price Decreased |
$229,900
↓ $5K
(2.1%) | |
| Price Decreased | |||
| May 1, 2026 | Price Decreased |
$234,900
↓ $5K
(2.1%) | |
| Price Decreased | |||
| Apr 12, 2026 | Listed by House Broker Realty LLC | $239,900 | |
| Listed by House Broker Realty LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/07/2026
|
2 Bed
|
2 Bath
|
1074 ft²
|
$249,999
2 Bed
2 Bath
1074 ft²
|
-
-
|
Tabitha Weinstein
Keller Williams Metropolitan
| |
|
04/12/2026
|
2 Bed
|
1 Bath
|
1140 ft²
|
$239,900
2 Bed
1 Bath
1140 ft²
|
$227,000
-5.38%
06/25/2026
|
Leroy M Moore
House Broker Realty LLC
| |
|
11/07/2025
|
2 Bed
|
2 Bath
|
1200 ft²
|
$255,900
2 Bed
2 Bath
1200 ft²
|
$250,000
-2.31%
05/20/2026
|
Rebecca Mason
Cummings & Co. Realtors
| |
|
10/18/2025
|
2 Bed
|
1 Bath
|
1000 ft²
|
$249,900
2 Bed
1 Bath
1000 ft²
|
$244,900
-2.00%
02/18/2026
|
Bryce Francis
RE/MAX Solutions
| |
|
04/25/2024
|
2 Bed
|
2 Bath
|
1140 ft²
|
$239,900
2 Bed
2 Bath
1140 ft²
|
$239,900
05/20/2024
|
melinda smith
Coldwell Banker Realty
| |
|
07/11/2023
|
2 Bed
|
1 Bath
|
-
|
$220,000
2 Bed
1 Bath
|
$220,000
08/21/2023
|
Marianne Gregory
Redfin Corp
| |
|
06/15/2022
| |
2 Bed
|
2 Bath
|
-
|
$230,000
2 Bed
2 Bath
|
-
-
|
Judy Tyree
Eldersburg
|
|
12/07/2021
|
2 Bed
|
2 Bath
|
-
|
$214,999
2 Bed
2 Bath
|
$195,000
-9.30%
03/18/2022
|
Eric Cellitto
RE/MAX Solutions
| |
|
10/18/2019
| |
2 Bed
|
1 Bath
|
-
|
$165,000
2 Bed
1 Bath
|
-
-
|
-
|
|
08/25/2018
|
2 Bed
|
1 Bath
|
-
|
$139,999
2 Bed
1 Bath
|
$155,000
+10.72%
05/02/2019
|
Penny Wilson
| |
|
07/02/2018
| |
2 Bed
|
1 Bath
|
-
|
$139,999
2 Bed
1 Bath
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017