1
Map
48 Summit Ave #2
About This Property
Payment Calculator
Your Estimated Monthly Payment
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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/07/2022
|
3 Bed
|
2 Bath
|
1550 ft²
|
$1,399,000
3 Bed
2 Bath
1550 ft²
|
$1,365,000
-2.43%
08/10/2022
|
Osnat Levy
Unlimited Sotheby's International Realty
| |
|
09/16/2016
|
3 Bed
|
2 Bath
|
1550 ft²
|
$950,000
3 Bed
2 Bath
1550 ft²
|
$945,000
-0.53%
11/21/2016
|
Roman Reznikov
Castles Unlimited®
| |
|
03/16/2012
|
3 Bed
|
2 Bath
|
1495 ft²
|
$675,000
3 Bed
2 Bath
1495 ft²
|
$662,500
-1.85%
06/04/2012
|
The Power of Two Holly & Jerry
Classic Realty
| |
|
03/16/2010
|
3 Bed
|
2 Bath
|
1550 ft²
|
$659,000
3 Bed
2 Bath
1550 ft²
|
$675,000
+2.43%
06/01/2010
|
Pat Nelson
| |
|
09/10/2004
|
3 Bed
|
2 Bath
|
1550 ft²
|
$645,000
3 Bed
2 Bath
1550 ft²
|
$615,000
-4.65%
11/17/2004
|
Scott Goldsmith
| |
|
08/29/2003
|
3 Bed
|
2 Bath
|
1485 ft²
|
$529,000
3 Bed
2 Bath
1485 ft²
|
$507,500
-4.06%
11/10/2003
|
Elane Fine
William Raveis R. E. & Home Services
| |
|
03/25/2003
|
3 Bed
|
2 Bath
|
1550 ft²
|
$579,900
3 Bed
2 Bath
1550 ft²
|
$579,900
05/14/2003
|
Olga Lysenko
Keller Williams Realty Boston Northwest
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017