421 Rainbow Dr #2
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 19, 2025 | Sold | ||
| Sold | |||
| Aug 22, 2025 | In contract | - | |
| In contract | |||
| Jul 31, 2025 | Listed by Peak Mountain Real Estate LLC | $1,150,000 | |
| Listed by Peak Mountain Real Estate LLC | |||
| May 6, 2023 | No longer available | - | |
| No longer available | |||
| Apr 5, 2023 | 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 |
|---|---|---|---|---|---|---|---|
|
07/31/2025
|
2 Bed
|
1 Bath
|
1098 ft²
|
$1,150,000
2 Bed
1 Bath
1098 ft²
|
$1,200,000
+4.35%
09/19/2025
|
Erika Schmidt
Peak Mountain Real Estate
| |
|
06/17/2024
|
Loft
|
-
|
-
|
$499,000
Loft
-
|
-
-
|
Scott Sussman
eXp Realty, LLC
| |
|
04/14/2024
|
3 Bed
|
2 Bath
|
1263 ft²
|
$1,290,000
3 Bed
2 Bath
1263 ft²
|
$1,270,000
-1.55%
05/15/2024
|
Amy Smits
eXp Realty LLC - Resort Experts
| |
|
03/22/2024
|
2 Bed
|
1 Bath
|
979 ft²
|
$995,000
2 Bed
1 Bath
979 ft²
|
$934,000
-6.13%
08/13/2025
|
Isabel Rawson
Christie's International Real Estate Colorado- Summit Colorado
| |
|
02/23/2024
|
2 Bed
|
2 Bath
|
991 ft²
|
$1,200,000
2 Bed
2 Bath
991 ft²
|
$1,200,000
04/12/2024
|
Erika B Schmidt
Peak Mountain Real Estate LLC
| |
|
11/07/2023
|
Loft
|
-
|
-
|
$625,000
Loft
-
|
-
-
|
Scott Sussman
eXp Realty, LLC
| |
|
07/05/2023
|
2 Bed
|
2 Bath
|
997 ft²
|
$1,300,000
2 Bed
2 Bath
997 ft²
|
-
-
|
Erika Schmidt
Peak Mountain Real Estate
| |
|
03/29/2023
|
3 Bed
|
2 Bath
|
1392 ft²
|
$1,299,000
3 Bed
2 Bath
1392 ft²
|
$1,205,000
-7.24%
07/11/2023
|
Patricia Wenzel
Equity Colorado Real Estate
| |
|
03/23/2023
|
2 Bed
|
2 Bath
|
1098 ft²
|
$1,300,000
2 Bed
2 Bath
1098 ft²
|
-
-
|
Erika Schmidt
Peak Mountain Real Estate
| |
|
11/13/2022
|
3 Bed
|
2 Bath
|
1263 ft²
|
$1,199,000
3 Bed
2 Bath
1263 ft²
|
-
-
|
Stuart Reddell
LIV Sothebys International Realty- Breckenridge
| |
|
10/21/2021
|
4 Bed
|
3 Bath
|
1646 ft²
|
$1,395,000
4 Bed
3 Bath
1646 ft²
|
-
-
|
Laura M Fisher
Ski Colorado Real Estate
| |
|
10/12/2021
|
2 Bed
|
2 Bath
|
1038 ft²
|
$895,000
2 Bed
2 Bath
1038 ft²
|
$917,000
+2.46%
11/19/2021
|
Mark Baumann
Slifer Smith & Frampton - Summit County
| |
|
07/20/2021
|
3 Bed
|
2 Bath
|
1182 ft²
|
$1,048,000
3 Bed
2 Bath
1182 ft²
|
-
-
|
Brenda Culhane
Omni R.E./Frisco
| |
|
06/24/2021
|
2 Bed
|
2 Bath
|
1098 ft²
|
$897,000
2 Bed
2 Bath
1098 ft²
|
$950,000
+5.91%
09/17/2021
|
Ryan Walsh
Slifer Smith & Frampton - Summit County
| |
|
04/08/2021
|
2 Bed
|
1 Bath
|
1014 ft²
|
$764,500
2 Bed
1 Bath
1014 ft²
|
$780,000
+2.03%
05/17/2021
|
Tate Santee
The Real Estate Group
| |
|
06/29/2020
|
2 Bed
|
1 Bath
|
1038 ft²
|
$715,000
2 Bed
1 Bath
1038 ft²
|
$685,000
-4.20%
08/17/2020
|
Tate Santee
The Real Estate Group
| |
|
06/01/2020
|
2 Bed
|
1 Bath
|
1088 ft²
|
$685,000
2 Bed
1 Bath
1088 ft²
|
$660,000
-3.65%
09/08/2020
|
Tate Santee
The Real Estate Group
| |
|
05/21/2020
|
3 Bed
|
1 Bath
|
1320 ft²
|
$835,000
3 Bed
1 Bath
1320 ft²
|
$805,000
-3.59%
07/10/2020
|
Tate Santee
The Real Estate Group
| |
|
03/15/2020
|
3 Bed
|
3 Bath
|
1552 ft²
|
$857,500
3 Bed
3 Bath
1552 ft²
|
$840,000
-2.04%
06/18/2020
|
Tate Santee
The Real Estate Group
| |
|
02/28/2020
|
2 Bed
|
2 Bath
|
1094 ft²
|
$675,000
2 Bed
2 Bath
1094 ft²
|
-
-
|
-
| |
|
08/07/2019
|
2 Bed
|
2 Bath
|
1072 ft²
|
$695,000
2 Bed
2 Bath
1072 ft²
|
-
-
|
-
| |
|
03/28/2019
|
3 Bed
|
2 Bath
|
1176 ft²
|
$749,000
3 Bed
2 Bath
1176 ft²
|
-
-
|
-
|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017