483 Cold Springs #2A
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%.
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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 |
|---|---|---|---|
| Sep 27, 2024 | Sold | ||
| Sold | |||
| Sep 3, 2024 | In contract | - | |
| In contract | |||
| Aug 26, 2024 | Listed by Premier Choice Realty, Inc. | $124,000 | |
| Listed by Premier Choice Realty, Inc. | |||
| | |||
|
Highest and Best Offers are due on Sunday at 5:00 pm. Affordable, two-bedroom, well-maintained, garden-style condo at Wentworth Estates. Ideal condo for a 1st time buyer, downsizing or an investor looking for a low-maintenance unit. Appliances including refrigerator, gas range, microwave, and dishwasher to remain for the buyer's enjoyment. It comes with two off-street assigned parking spots (120 and 129). Affordable condo fees include heat, hot water, sewer, trash removal, snow removal, landscaping, and exterior maintenance. The current tenant pays $1,600/month and has 10 more months in his rental agreement. The complex is located close to highway access points, schools, shopping, the Big E, and the CT state line. What a great opportunity to own for less than renting.
| |||
| Apr 11, 2023 | Withdrawn | - | |
| Withdrawn | |||
| Apr 9, 2023 | Listed by Premier Choice Realty, Inc. | $101,000 | |
| Listed by Premier Choice Realty, Inc. | |||
| | |||
|
Affordable, two-bedroom, well-maintained, garden style condo at Wentworth Estates. Ideal condo for a 1st time buyer, downsizing or an investor looking for a low maintenance unit. Appliances including refrigerator, gas range, microwave, and dishwasher to remain for the buyer's enjoyment. The whole unit is painted freshly. It comes with two off-street assigned parking spots (120 and 129). Affordable condo fees include heat, hot water, sewer, trash removal, snow removal, landscaping, and exterior maintenance. The complex is located close to highway access points, schools, shopping, the Big E, and the CT state line. What a great opportunity to own for less than renting.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/26/2024
|
2 Bed
|
1 Bath
|
541 ft²
|
$124,000
2 Bed
1 Bath
541 ft²
|
$124,000
09/27/2024
|
Ahmet Gunay
Premier Choice Realty, Inc.
| |
|
04/09/2023
|
2 Bed
|
1 Bath
|
-
|
$101,000
2 Bed
1 Bath
|
-
-
|
Ahmet Gunay
Premier Choice Realty, Inc.
| |
|
03/06/2023
|
2 Bed
|
1 Bath
|
541 ft²
|
$102,000
2 Bed
1 Bath
541 ft²
|
$102,000
03/24/2023
|
Ahmet Gunay
Premier Choice Realty, Inc.
| |
|
12/01/2020
|
2 Bed
|
1 Bath
|
541 ft²
|
$70,000
2 Bed
1 Bath
541 ft²
|
$65,000
-7.14%
02/04/2021
|
Ahmet Gunay
Premier Choice Realty, Inc.
| |
|
06/20/2003
|
2 Bed
|
1 Bath
|
541 ft²
|
$44,500
2 Bed
1 Bath
541 ft²
|
$43,500
-2.25%
09/29/2003
|
Vincenzo Rettura
Rettura Realty
| |
|
04/24/2002
|
2 Bed
|
1 Bath
|
541 ft²
|
$32,900
2 Bed
1 Bath
541 ft²
|
$31,000
-5.78%
11/01/2002
|
Vincenzo Rettura
Rettura Realty
| |
|
07/13/2000
|
2 Bed
|
1 Bath
|
541 ft²
|
$26,000
2 Bed
1 Bath
541 ft²
|
$24,000
-7.69%
10/03/2000
|
Bernard D'Orazio
Baystate Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017