4 Bay Street #A1
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 |
|---|---|---|---|
| Mar 1, 2023 | Sold | ||
| Sold | |||
| Feb 3, 2023 | In contract | - | |
| In contract | |||
| Jan 29, 2023 | Relisted | $330,000 | |
| Relisted | |||
| Jan 26, 2023 | In contract | - | |
| In contract | |||
| Dec 5, 2022 | Price Decreased |
$390,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/19/2022
|
2 Bed
|
2 Bath
|
1119 ft²
|
$400,000
2 Bed
2 Bath
1119 ft²
|
$375,000
-6.25%
03/01/2023
|
Patsy Whitney
William Raveis R.E. & Home Services
| |
|
04/02/2019
|
2 Bed
|
2 Bath
|
1173 ft²
|
$309,000
2 Bed
2 Bath
1173 ft²
|
$309,000
10/04/2019
|
Sue Ann Murley
Divito Realty
| |
|
03/19/2018
|
2 Bed
|
1 Bath
|
1119 ft²
|
$319,000
2 Bed
1 Bath
1119 ft²
|
-
04/27/2018
|
Mark Abatuno
Conway - Hull
| |
|
07/08/2011
|
2 Bed
|
1 Bath
|
1119 ft²
|
$234,500
2 Bed
1 Bath
1119 ft²
|
$228,000
-2.77%
09/27/2011
|
Mark Abatuno
Conway - Hull
| |
|
09/12/2010
|
Loft
|
1 Bath
|
521 ft²
|
$99,500
Loft
1 Bath
521 ft²
|
-
-
|
Stephen Brady
Custom House Realty Group
| |
|
07/20/2010
|
Loft
|
-
|
521 ft²
|
$103,000
Loft
-
521 ft²
|
-
-
|
Eileen Partridge
Keller Williams Realty
| |
|
03/27/2008
|
2 Bed
|
1 Bath
|
1119 ft²
|
$269,900
2 Bed
1 Bath
1119 ft²
|
$257,000
-4.78%
01/30/2009
|
Brian McCarthy
Encore Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017