427 Grantham B #427
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%.
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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 |
|---|---|---|---|
| Apr 25, 2023 | Sold | ||
| Sold | |||
| Jan 23, 2023 | Listed by Keller Williams Realty Boca Raton | $155,000 | |
| Listed by Keller Williams Realty Boca Raton | |||
| Apr 2, 2019 | Sold | ||
| Sold | |||
| Jan 9, 2019 | Listed by Preferred Properties Int'l Realty | $69,900 | |
| Listed by Preferred Properties Int'l Realty | |||
| | |||
|
2 Full Baths. Water View. Walk To Pool and Clubhouse. Tile Floors. Enclosed Florida Room. Upgraded Kitchen. Association claims 55+ community
| |||
| Nov 1, 2007 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/10/2026
| |
1 Bed
|
2 Bath
|
770 ft²
|
$125,000
1 Bed
2 Bath
770 ft²
|
$117,500
-6.00%
05/07/2026
|
Mariyana Sharenkova
Signature International Real E
|
|
01/23/2023
|
1 Bed
|
2 Bath
|
719 ft²
|
$155,000
1 Bed
2 Bath
719 ft²
|
$148,500
-4.19%
04/25/2023
|
Sophye Nolet
Florida Realty Agency
| |
|
01/09/2019
|
1 Bed
|
2 Bath
|
719 ft²
|
$69,900
1 Bed
2 Bath
719 ft²
|
$65,000
-7.01%
04/02/2019
|
Natalie Ferrero
Preferred Properties Int'l Realty
| |
|
05/08/2007
|
1 Bed
|
2 Bath
|
-
|
$99,000
1 Bed
2 Bath
|
$82,500
-16.67%
11/01/2007
|
Mary Sinopoli
Preferred Properties Int"l Rlt
|
Building Info
About Grantham Condominiums
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017