$305,000
●
Condo -
Off Market
40-48 97th Street #2E
New York, NY 11368
1 Bed
1 Bath
489 Ft²
$1,915
Est. Monthly
15.16%
Cap Rate
About This Property
Great Chance For Investment !!! Great Location, Next To Junction
Blvd, Block Away From #7 Subway Train. The Building with
Great Maintains. Elevator in Building. Laundry Room on The First
Floor. A Most Clean and Nice Building In Corona Area. Also there Is
A big Play Ground Garden in The Rear of Building. A Motivated
Seller... Total have TWO Indoor Parking Spaces For Extra $40K...
EACH ***Text for showing-need POF or Pre-approval
letter***Tenant occupied
Unit Size
489 Ft²
Days on Market
150 days
Land Size
-
Price per sqft
$626
Property Type
Condo
Property Taxes
$412
HOA Dues
-
Year Built
2010
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Cap Rate Calculator
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Monthly Rental Income
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 12 months ago (OneKey MLS #KEY878513)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 13, 2025 | Sold | ||
| Sold | |||
| Aug 9, 2025 | In contract | - | |
| In contract | |||
| Jun 16, 2025 | Listed by SunCity Prop Inc | $306,000 | |
| Listed by SunCity Prop Inc | |||
Property Highlights
Elevator
Parking Available
Parking Details
Has Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 1
Interior Features: Elevator
Appliances: Gas Range
Rooms: 4
Exterior Details
Square Footage: 489
Square Footage Source: $0
Architectural Style: Other
Year Built: 2010
Building Area Units: Square Feet
Construction Materials: Brick
Water Source: Public
Financial Details
Tax Annual Amount: $4,941
Utilities Details
Cooling Type: Multi Units
Heating Type: Heat Pump
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/09/2025
|
1 Bed
|
1 Bath
|
489 ft²
|
$329,000
1 Bed
1 Bath
489 ft²
|
-
-
|
Wilson Cheng
SunCity Prop Inc
| |
|
06/16/2025
|
2 Bed
|
2 Bath
|
812 ft²
|
$465,120
2 Bed
2 Bath
812 ft²
|
$490,000
+5.35%
04/21/2026
|
Wilson Cheng
SunCity Prop Inc
| |
|
06/16/2025
|
1 Bed
|
1 Bath
|
646 ft²
|
$379,440
1 Bed
1 Bath
646 ft²
|
-
-
|
Wilson Cheng
SunCity Prop Inc
| |
|
06/16/2025
|
1 Bed
|
1 Bath
|
489 ft²
|
$306,000
1 Bed
1 Bath
489 ft²
|
$305,000
-0.33%
11/13/2025
|
Wilson Cheng
SunCity Prop Inc
| |
|
04/01/2024
|
1 Bed
|
1 Bath
|
-
|
$398,000
1 Bed
1 Bath
|
-
-
|
Yixiong Zheng
RE/MAX Team
| |
|
04/01/2024
|
1 Bed
|
1 Bath
|
-
|
$448,000
1 Bed
1 Bath
|
-
-
|
Yixiong Zheng
RE/MAX Team
| |
|
09/20/2021
|
1 Bed
|
1 Bath
|
-
|
$438,000
1 Bed
1 Bath
|
$475,000
+8.45%
12/13/2021
|
Lina Chen
Elliman
| |
|
10/14/2020
|
1 Bed
|
1 Bath
|
-
|
$499,000
1 Bed
1 Bath
|
-
-
|
Lina Chen
Elliman
| |
|
05/03/2019
|
2 Bed
|
2 Bath
|
-
|
$575,000
2 Bed
2 Bath
|
$550,000
-4.35%
08/30/2019
|
Lhakpa D Lama
Graceful Realty LLC
| |
|
08/12/2017
|
2 Bed
|
1 Bath
|
-
|
$475,000
2 Bed
1 Bath
|
$460,000
-3.16%
01/03/2018
|
Wilson Cheng
SunCity Prop Inc
|
Building Info
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Last Updated: 12 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017