1
Map
48 Vip Island #A
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 |
|---|---|---|---|
| Dec 12, 2025 | Sold | ||
| Sold | |||
| Sep 17, 2025 | Listed by RE/MAX Elite | $499,000 | |
| Listed by RE/MAX Elite | |||
| Jul 24, 2025 | Price Decreased |
$539,900
↓ $35K
(6.1%) | |
| Price Decreased | |||
| Jul 1, 2025 | Price Decreased |
$574,900
↓ $30K
(5%) | |
| Price Decreased | |||
| Jun 22, 2025 | Price Decreased |
$604,900
↓ $5K
(0.8%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/17/2025
|
2 Bed
|
2 Bath
|
1800 ft²
|
$499,000
2 Bed
2 Bath
1800 ft²
|
$415,000
-16.83%
12/12/2025
|
Stuart Brown
RE/MAX Elite
| |
|
04/29/2022
| |
2 Bed
|
2 Bath
|
1800 ft²
|
$567,500
2 Bed
2 Bath
1800 ft²
|
$562,500
-0.88%
02/01/2023
|
Lauren Labossiere PA
The Boss Team Real Estate Services
|
|
12/24/2020
| |
Loft
|
-
|
-
|
$59,900
Loft
-
|
$58,500
-2.34%
02/09/2022
|
Lauren Labossiere PA
The Boss Team Real Estate Services
|
|
02/25/2020
|
2 Bed
|
2 Bath
|
1800 ft²
|
$259,900
2 Bed
2 Bath
1800 ft²
|
$225,000
-13.43%
07/27/2020
|
Lauren Labossiere PA
The Boss Team Real Estate Services
| |
|
06/05/2017
|
3 Bed
|
2 Bath
|
1800 ft²
|
$250,000
3 Bed
2 Bath
1800 ft²
|
$180,000
-28.00%
02/12/2018
|
Shane Turner
EXP Realty, LLC
|
Building Info
About Vacation Island Playground
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$4,000 /mo
- 2 Beds
- 2 Baths
- 1,103 ft²
$2,500 /mo
- 2 Beds
- 2 Baths
- 1,094 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017