4510 Melody Dr #12
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 |
|---|---|---|---|
| Feb 5, 2023 | No longer available | - | |
| No longer available | |||
| Jan 28, 2023 | Price Decreased |
$399,900
↓ $25K
(5.9%) | |
| Price Decreased | |||
| Nov 25, 2022 | Price Decreased |
$425,000
↓ $20K
(4.5%) | |
| Price Decreased | |||
| Aug 18, 2022 | Price Decreased |
$445,000
↓ $15K
(3.3%) | |
| Price Decreased | |||
| Jun 24, 2022 | Listed | $460,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/18/2024
|
2 Bed
|
2 Bath
|
937 ft²
|
$400,000
2 Bed
2 Bath
937 ft²
|
$350,000
-12.50%
04/01/2025
|
Jamie Duvnjak
Century 21 EPIC
| |
|
06/24/2022
|
2 Bed
|
2 Bath
|
937 ft²
|
$460,000
2 Bed
2 Bath
937 ft²
|
-
-
|
Francisco Ortiz
Francisco Ortiz, Broker
| |
|
03/22/2022
|
2 Bed
|
2 Bath
|
937 ft²
|
$380,000
2 Bed
2 Bath
937 ft²
|
$440,000
+15.79%
04/18/2022
|
Fareed Tawasha
Kinetic Real Estate
| |
|
03/08/2021
|
2 Bed
|
2 Bath
|
937 ft²
|
$340,000
2 Bed
2 Bath
937 ft²
|
$360,000
+5.88%
04/01/2021
|
Fareed Tawasha
| |
|
10/07/2020
|
2 Bed
|
2 Bath
|
937 ft²
|
$375,000
2 Bed
2 Bath
937 ft²
|
-
-
|
-
| |
|
03/28/2014
|
2 Bed
|
2 Bath
|
937 ft²
|
$219,000
2 Bed
2 Bath
937 ft²
|
$225,000
+2.74%
05/01/2014
|
Cathy Cross
EXP REALTY
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017