40 Portside Drive #97
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 |
|---|---|---|---|
| Sep 4, 2015 | Sold | ||
| Sold | |||
| Jun 4, 2015 | Listed by William Raveis R.E. & Home Services | $360,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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This Southport Vineyard style condo with many updates. The light that filters thru will make anyone & everyone smile. Enter through the front door or attached garage & you're stepping onto pretty cherry floors, skylight above & a carpeted stairway leading to lower level. Step into the large living & dining room with a cathedral ceiling that brings the outside in. Custom built-in cabinetry in the living room surround the gas fireplace with recessed lighting above. In the kitchen the ample cherry cabinets with a breakfast bar with open shelving above to display special items or photos. Off the living room is a 3 season room that looks out to a peaceful, manicured back yard with mature plantings. Master suite is one more bright room in this condo with master bathroom & walk-in closet. Use 2nd bedroom as a guest room or office. This is a 55+ community with numerous amenities! Buyer may consider negotiating the living room furniture.
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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 |
|---|---|---|---|---|---|---|---|
|
06/04/2015
|
2 Bed
|
2 Bath
|
1338 ft²
|
$360,000
2 Bed
2 Bath
1338 ft²
|
$352,000
-2.22%
09/04/2015
|
Cynthia Crawford
Kinlin Grover Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017