411 E 85th Street #1B
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 |
---|---|---|---|
Nov 14, 2024 | Sold | $285,000 | |
Sold | |||
Sep 25, 2024 | In contract | - | |
In contract | |||
May 18, 2024 | Listed by KUTNER MEREDITH S | $250,000 | |
Listed by KUTNER MEREDITH S | |||
May 1, 2021 | No longer available | - | |
No longer available | |||
Nov 13, 2020 | Price Decreased |
$300,000
↓ $25K
(7.7%) | |
Price Decreased |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/18/2024
|
Studio
|
1 Bath
|
-
|
$250,000
Studio
1 Bath
|
$285,000
+14.00%
11/14/2024
|
-
|
Meredith Kutner
Meredith Kutner RE
| |
11/30/2021
|
2 Bed
|
1 Bath
|
-
|
$739,000
2 Bed
1 Bath
|
$739,000
08/08/2022
|
-
|
Diana Babayeva
Bold New York
| |
06/12/2017
|
Studio
|
1 Bath
|
-
|
$350,000
Studio
1 Bath
|
$350,000
11/22/2017
|
Meredith Kutner
KWNYC Midtown
|