47 Mitchell Drive #47
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%.
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 4, 2021 | Sold | ||
| Sold | |||
| May 13, 2021 | Listed by Park Square Realty | $185,000 | |
| Listed by Park Square Realty | |||
| | |||
|
Move right into this totally remodeled home with a full master on-suite with a remodeled bathroom, vaulted ceiling, carpet and new paint. Second bathroom was also remodeled. Entire home has been repainted. This condominium has all brand new flooring. Bathrooms have brand new vanities, toilets, tile and fixtures. Entire home has been updated to the 2021 colors, fixtures, cabinets, vanities, etc. Kitchen and laundry area has all brand new granite counters. Brand new stainless stove, dishwasher and microwave Garage is very near the rear door of this wonderful condo. This property is in exceptional condition available for immediate occupancy.
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| Oct 1, 2008 | Sold | ||
| Sold | |||
| Jun 30, 2008 | Listed by William Raveis R.E. & Home Services | $169,000 | |
| Listed by William Raveis R.E. & Home Services | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/13/2021
|
3 Bed
|
2 Bath
|
1172 ft²
|
$185,000
3 Bed
2 Bath
1172 ft²
|
$213,000
+15.14%
06/04/2021
|
Carol Whitman
Park Square Realty
| |
|
06/30/2008
|
3 Bed
|
2 Bath
|
1180 ft²
|
$169,000
3 Bed
2 Bath
1180 ft²
|
$155,000
-8.28%
10/01/2008
|
Joanne Alvarado
Century 21 Hometown Associates
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017