4112 Frontrunner Drive #40
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 |
|---|---|---|---|
| Jan 30, 2025 | Sold | ||
| Sold | |||
| Jan 1, 2025 | In contract | - | |
| In contract | |||
| Dec 24, 2024 | Price Decreased |
$499,900
↓ $10K
(2%) | |
| Price Decreased | |||
| Dec 7, 2024 | Relisted | $509,890 | |
| Relisted | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/03/2024
| |
4 Bed
|
3 Bath
|
2472 ft²
|
$499,900
4 Bed
3 Bath
2472 ft²
|
$492,990
-1.38%
01/30/2025
|
Nancy Vaughn
Lennar Carolinas LLC
|
|
08/03/2024
|
4 Bed
|
3 Bath
|
2472 ft²
|
$523,390
4 Bed
3 Bath
2472 ft²
|
$492,990
-5.81%
01/30/2025
|
John Christy
Lennar Carolinas LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017