450 Fairways CIRCLE #A203
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 |
|---|---|---|---|
| Jun 7, 2024 | Sold | ||
| Sold | |||
| May 24, 2024 | In contract | - | |
| In contract | |||
| May 7, 2024 | Price Decreased |
$175,000
↓ $3K
(1.5%) | |
| Price Decreased | |||
| Apr 10, 2024 | Price Decreased |
$177,700
↓ $2K
(1%) | |
| Price Decreased | |||
| Mar 24, 2024 | Price Decreased |
$179,500
↓ $3K
(1.6%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/28/2025
|
2 Bed
|
2 Bath
|
1029 ft²
|
$167,000
2 Bed
2 Bath
1029 ft²
|
$155,000
-7.19%
06/03/2025
|
Luke Lippert
RE/MAX PREMIER REALTY
| |
|
03/06/2024
|
3 Bed
|
2 Bath
|
1029 ft²
|
$182,500
3 Bed
2 Bath
1029 ft²
|
$167,500
-8.22%
06/07/2024
|
Courtney Moody
NextHome Professional Realty
| |
|
09/03/2022
|
3 Bed
|
2 Bath
|
1029 ft²
|
$156,999
3 Bed
2 Bath
1029 ft²
|
-
-
|
Alcides Martinez
FUTURE HOME REALTY INC
| |
|
07/07/2021
|
2 Bed
|
2 Bath
|
1029 ft²
|
$89,500
2 Bed
2 Bath
1029 ft²
|
$93,000
+3.91%
07/29/2021
|
Courtney Moody
NextHome Professional Realty
| |
|
11/20/2019
|
2 Bed
|
2 Bath
|
1029 ft²
|
$59,900
2 Bed
2 Bath
1029 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017