488 Main Street #8
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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Aug 18, 2020 | Sold | ||
| Sold | |||
| Jul 18, 2020 | In contract | - | |
| In contract | |||
| Jun 28, 2020 | No longer available | - | |
| No longer available | |||
| Jun 28, 2020 | Listed | $239,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/06/2022
|
1 Bed
|
1 Bath
|
-
|
$259,000
1 Bed
1 Bath
|
$270,000
+4.25%
08/23/2022
|
Donald Wunder
RE/MAX Realty One
| |
|
10/08/2020
|
1 Bed
|
1 Bath
|
-
|
$235,000
1 Bed
1 Bath
|
$184,800
-21.36%
02/16/2021
|
John Hatcher
Keller Williams - Greater Portland
| |
|
06/28/2020
|
1 Bed
|
2 Bath
|
-
|
$239,000
1 Bed
2 Bath
|
-
-
|
-
| |
|
12/28/2019
|
1 Bed
|
2 Bath
|
-
|
$249,000
1 Bed
2 Bath
|
$210,900
-15.30%
08/18/2020
|
Donald Wunder
| |
|
07/11/2019
|
1 Bed
|
2 Bath
|
702 ft²
|
$269,000
1 Bed
2 Bath
702 ft²
|
$262,000
-2.60%
09/16/2019
|
Anne Erwin Real Estate
Anne Erwin Sotheby's International Realty
| |
|
06/07/2018
| |
2 Bed
|
2 Bath
|
1875 ft²
|
-
2 Bed
2 Bath
1875 ft²
|
-
-
|
-
|
|
07/09/2017
| |
2 Bed
|
2 Bath
|
1875 ft²
|
-
2 Bed
2 Bath
1875 ft²
|
-
-
|
-
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017