1
Map
429 Palm Drive #3
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 |
|---|---|---|---|
| Jul 26, 2019 | Sold | ||
| Sold | |||
| Jun 12, 2019 | Listed by Re/Max Optima | $589,000 | |
| Listed by Re/Max Optima | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/22/2024
|
2 Bed
|
3 Bath
|
1082 ft²
|
$638,000
2 Bed
3 Bath
1082 ft²
|
$753,500
+18.10%
02/24/2025
|
Garrett Chan
Compass
| |
|
04/13/2021
|
2 Bed
|
3 Bath
|
1059 ft²
|
$598,888
2 Bed
3 Bath
1059 ft²
|
$685,000
+14.38%
06/04/2021
|
Raffi Soualian
| |
|
06/12/2019
|
2 Bed
|
2 Bath
|
1059 ft²
|
$589,000
2 Bed
2 Bath
1059 ft²
|
$620,000
+5.26%
07/26/2019
|
Val Hacopian
Remax Optima
| |
|
04/22/2019
|
2 Bed
|
2 Bath
|
1059 ft²
|
$550,000
2 Bed
2 Bath
1059 ft²
|
$605,500
+10.09%
06/04/2019
|
Sevan Baroni
NextHome Luxe Group
| |
|
07/31/2013
|
2 Bed
|
2 Bath
|
1059 ft²
|
$329,000
2 Bed
2 Bath
1059 ft²
|
$340,000
+3.34%
10/16/2013
|
Martin Lazarian
Coldwell Banker Hallmark
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017