389 Cliff Drive W #3
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 6, 2025 | Sold | ||
| Sold | |||
| Nov 30, 2024 | In contract | - | |
| In contract | |||
| Nov 12, 2024 | Listed by Allison REALTORS | $698,000 | |
| Listed by Allison REALTORS | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/12/2024
|
2 Bed
|
2 Bath
|
1124 ft²
|
$698,000
2 Bed
2 Bath
1124 ft²
|
$698,000
01/06/2025
|
Peggy Allison
Allison REALTORS
| |
|
07/01/2024
|
2 Bed
|
2 Bath
|
1124 ft²
|
$599,000
2 Bed
2 Bath
1124 ft²
|
$680,000
+13.52%
08/22/2024
|
QING LIU
RE/MAX 2000 REALTY
| |
|
04/09/2022
|
2 Bed
|
2 Bath
|
1124 ft²
|
$599,890
2 Bed
2 Bath
1124 ft²
|
-
-
|
Richard Kim
Exp Realty
| |
|
10/25/2019
|
2 Bed
|
1 Bath
|
1278 ft²
|
$499,000
2 Bed
1 Bath
1278 ft²
|
$512,000
+2.61%
12/09/2019
|
Shereen Kelly
Berkshire Hathaway Home Servic
| |
|
05/17/2019
|
2 Bed
|
2 Bath
|
1233 ft²
|
$525,000
2 Bed
2 Bath
1233 ft²
|
-
-
|
-
| |
|
08/27/2018
|
2 Bed
|
2 Bath
|
1360 ft²
|
$499,900
2 Bed
2 Bath
1360 ft²
|
$545,000
+9.02%
10/10/2018
|
Matthew Helganz
Meridian Capital Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017