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491 MONROE Street #2B
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 |
|---|---|---|---|
| Jan 9, 2020 | No longer available | - | |
| No longer available | |||
| Dec 30, 2019 | Sold | ||
| Sold | |||
| Jun 1, 2019 | In contract | - | |
| In contract | |||
| Mar 8, 2019 | Listed by The Corcoran Group | $449,995 | |
| Listed by The Corcoran Group | |||
| Nov 28, 2018 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/16/2025
|
3 Bed
|
3 Bath
|
1127 ft²
|
$975,000
3 Bed
3 Bath
1127 ft²
|
$815,000
-16.41%
12/08/2025
|
Toni Martin
The Corcoran Group
| |
|
11/03/2021
|
1 Bed
|
2 Bath
|
1040 ft²
|
$725,000
1 Bed
2 Bath
1040 ft²
|
$708,000
-2.34%
08/02/2022
|
Nina LaBarre
Corcoran Group
| |
|
02/29/2020
|
Studio
|
1 Bath
|
671 ft²
|
$399,995
Studio
1 Bath
671 ft²
|
$399,995
03/31/2021
|
MARK MARTOV
Corcoran Group
| |
|
02/25/2020
|
1 Bed
|
2 Bath
|
1040 ft²
|
$699,000
1 Bed
2 Bath
1040 ft²
|
$641,498
-8.23%
06/18/2020
|
Mark Martov
Corcoran Group
| |
|
05/31/2019
|
3 Bed
|
3 Bath
|
-
|
$799,995
3 Bed
3 Bath
|
$750,000
-6.25%
10/02/2020
|
Michelle Moshe
The Corcoran Group
| |
|
04/17/2019
|
3 Bed
|
3 Bath
|
1127 ft²
|
$799,995
3 Bed
3 Bath
1127 ft²
|
$780,000
-2.50%
01/10/2020
|
Michelle Moshe
The Corcoran Group
| |
|
03/08/2019
|
1 Bed
|
1 Bath
|
-
|
$449,995
1 Bed
1 Bath
|
$427,975
-4.89%
12/30/2019
|
Mark Martov
Corcoran Group
| |
|
03/08/2019
|
Studio
|
2 Bath
|
-
|
$399,995
Studio
2 Bath
|
$390,000
-2.50%
06/19/2020
|
Michelle Moshe
The Corcoran Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017