488 Shell Bank Dr. #25A
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 |
|---|---|---|---|
| Sep 27, 2022 | No longer available | - | |
| No longer available | |||
| Sep 23, 2022 | Sold | ||
| Sold | |||
| Aug 11, 2022 | Price Decreased |
$209,900
↓ $5K
(2.3%) | |
| Price Decreased | |||
| Aug 5, 2022 | Price Decreased |
$214,900
↓ $10K
(4.5%) | |
| Price Decreased | |||
| Jul 20, 2022 | Listed | $224,900 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/20/2022
|
3 Bed
|
3 Bath
|
-
|
$224,900
3 Bed
3 Bath
|
-
-
|
Chris Sarratt
North Beach Realty
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017