48 Mountain Gate Road #48
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 |
|---|---|---|---|
| Feb 24, 2006 | Sold | ||
| Sold | |||
| Nov 17, 2005 | Listed | $279,900 | |
| Listed | |||
| |||
|
Ledgemere Short "L" 3 level townhouse with 2 large bedrooms, 1.5 baths, 1 car garage, beautiful recently finished lower level with berber carpet!! Entire interior freshly painted, dining room with slider to private yard, living room, all appliances included, central air, minutes to major routes and shopping, move right in!!
| |||
| Jun 18, 2004 | Sold | ||
| Sold | |||
| Mar 31, 2004 | Listed by Board and Park, LLC | $274,900 | |
| Listed by Board and Park, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/17/2005
|
2 Bed
|
1 Bath
|
1316 ft²
|
$279,900
2 Bed
1 Bath
1316 ft²
|
$270,000
-3.54%
02/24/2006
|
Kathy Foran
Realty Executives Boston West
| |
|
03/31/2004
|
2 Bed
|
2 Bath
|
1316 ft²
|
$274,900
2 Bed
2 Bath
1316 ft²
|
$272,400
-0.91%
06/18/2004
|
Edward Hughes
Board and Park, LLC
| |
|
06/29/2002
| |
2 Bed
|
2 Bath
|
1230 ft²
|
$249,900
2 Bed
2 Bath
1230 ft²
|
$249,000
-0.36%
08/27/2002
|
Diane Sullivan
Coldwell Banker Realty - Framingham
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017