48 Central Avenue #4
About This Property
The manager has listed the unit size as 1800 square feet.
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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 |
|---|---|---|---|
| Feb 25, 2021 | Sold | ||
| Sold | |||
| Dec 10, 2020 | Listed | $424,800 | |
| Listed | |||
| | |||
|
At Loft 48 we believe in enjoying a low maintenance lifestyle with all of the higher-end finishes. Step out of our complex directly to a sidewalk leading to the town center with all the restaurants & pubs & easy access to the train. Our loft style units come with 3 bedroom designs with 3 full baths and 1800sf. Imagine entertaining in an open-concept space with 9 ft ceilings, modern kitchens with center islands, SS appliances and living rooms with corner gas fireplaces. Life at Loft 48 is lived effortlessly when each unit enjoys a private patio in the backyard to spend evenings after a day at work. The 1st floor boasts a bedroom with a full bath just outside its door. The 2nd floor has a master suite with a triple window allowing sunlight to drench the space. The master bath has its own toilet room, dual sinks & a tiled shower. A sizable laundry room separates the master suite from the additional bedroom on the 2nd floor which also has its own full bathroom. Just 60 days to completion!
| |||
| Jul 30, 2020 | No longer available | - | |
| No longer available | |||
| Jul 12, 2020 | Relisted | $449,800 | |
| Relisted | |||
| Jul 11, 2020 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/03/2025
|
3 Bed
|
3 Bath
|
1814 ft²
|
$549,900
3 Bed
3 Bath
1814 ft²
|
$544,900
-0.91%
04/25/2025
|
Victoria Jeffrey
Straight Real Estate Solutions, LLC
| |
|
10/08/2024
|
3 Bed
|
3 Bath
|
1743 ft²
|
$569,900
3 Bed
3 Bath
1743 ft²
|
$549,000
-3.67%
12/26/2024
|
Aditi Jain
Redfin Corp.
| |
|
12/13/2020
|
3 Bed
|
3 Bath
|
1800 ft²
|
$424,800
3 Bed
3 Bath
1800 ft²
|
$437,500
+2.99%
06/02/2021
|
James McCloy
JMC Real Estate
| |
|
12/13/2020
|
3 Bed
|
3 Bath
|
1800 ft²
|
$424,800
3 Bed
3 Bath
1800 ft²
|
$424,800
04/12/2021
|
Meadowbrook Realty Group
Redfin Corp.
| |
|
12/10/2020
|
3 Bed
|
3 Bath
|
1800 ft²
|
$424,800
3 Bed
3 Bath
1800 ft²
|
$425,000
+0.05%
02/25/2021
|
Preeti Walhekar
Keller Williams Realty Boston Northwest
| |
|
12/10/2020
|
3 Bed
|
3 Bath
|
1800 ft²
|
$424,800
3 Bed
3 Bath
1800 ft²
|
$424,800
03/31/2021
|
Wayne Moreno
Custom Home Realty, Inc.
| |
|
11/09/2020
|
3 Bed
|
3 Bath
|
1800 ft²
|
$424,800
3 Bed
3 Bath
1800 ft²
|
$424,800
03/15/2021
|
Corey Bashaw
Access
| |
|
09/29/2020
|
3 Bed
|
3 Bath
|
1800 ft²
|
$424,800
3 Bed
3 Bath
1800 ft²
|
$430,800
+1.41%
02/26/2021
|
Paul R. Gallagher
Gallagher Real Estate
| |
|
07/29/2020
|
3 Bed
|
3 Bath
|
1800 ft²
|
$424,800
3 Bed
3 Bath
1800 ft²
|
$424,800
12/02/2020
|
Evan Ralph
Redfin Corp.
| |
|
03/10/2020
|
3 Bed
|
3 Bath
|
1800 ft²
|
$449,800
3 Bed
3 Bath
1800 ft²
|
-
-
|
-
| |
|
03/10/2020
|
3 Bed
|
3 Bath
|
1800 ft²
|
$449,800
3 Bed
3 Bath
1800 ft²
|
-
-
|
-
| |
|
12/31/2015
| |
2 Bed
|
1 Bath
|
1020 ft²
|
$129,900
2 Bed
1 Bath
1020 ft²
|
$122,000
-6.08%
08/31/2016
|
Christopher Mahoney
RE/MAX One Call Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017