411 East Third St #100
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 16, 2023 | Temporarily off market | - | |
Temporarily off market | |||
Nov 15, 2023 | Price Decreased |
$1,175,000
↓ $50K
(4.1%)
|
|
Price Decreased | |||
Oct 17, 2023 | Listed by Cosmopolitan Realty Advisors | $1,224,999 | |
Listed by Cosmopolitan Realty Advisors |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/08/2023
|
2 Bed
|
3 Bath
|
-
|
$1,275,000
2 Bed
3 Bath
|
-
-
|
-
|
David Winick
Cosmopolitan Realty Advisors
|
|
10/17/2023
|
3 Bed
|
3 Bath
|
-
|
$1,224,999
3 Bed
3 Bath
|
-
-
|
-
|
David Winick
Cosmopolitan Realty Advisors
|
|
10/17/2023
|
2 Bed
|
3 Bath
|
-
|
$1,399,999
2 Bed
3 Bath
|
$1,320,000
-5.71%
12/07/2023
|
-
|
David Winick
Cosmopolitan Realty Advisors
|
|
10/10/2023
|
3 Bed
|
2 Bath
|
-
|
$1,249,000
3 Bed
2 Bath
|
-
-
|
-
|
David Winick
Cosmopolitan Realty Advisors
|
|
05/30/2023
|
2 Bed
|
3 Bath
|
-
|
$1,549,000
2 Bed
3 Bath
|
-
-
|
-
|
David Winick
Cosmopolitan Realty Advisors
|
|
05/15/2023
|
3 Bed
|
2 Bath
|
-
|
$1,299,000
3 Bed
2 Bath
|
-
-
|
-
|
David Winick
Cosmopolitan Realty Advisors
|