1
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309.5 Iris Avenue #5
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 22, 2017 | Sold | ||
| Sold | |||
| Feb 28, 2017 | Listed by Berkshire Hathaway Homeservice | $1,899,000 | |
| Listed by Berkshire Hathaway Homeservice | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/20/2023
| |
2 Bed
|
2 Bath
|
1163 ft²
|
$1,999,999
2 Bed
2 Bath
1163 ft²
|
$1,990,000
-0.50%
03/13/2024
|
Josef Szigeti
Douglas Elliman Of California
|
|
04/07/2017
| |
3 Bed
|
2 Bath
|
1528 ft²
|
$1,279,000
3 Bed
2 Bath
1528 ft²
|
$1,285,000
+0.47%
05/19/2017
|
Marquise Beucler
Arbor Real Estate
|
|
02/28/2017
|
3 Bed
|
2 Bath
|
1800 ft²
|
$1,899,000
3 Bed
2 Bath
1800 ft²
|
$1,810,000
-4.69%
12/22/2017
|
Mark Simon
Berkshire Hathaway Homeservice
| |
|
09/26/2016
| |
3 Bed
|
3 Bath
|
1757 ft²
|
$1,835,000
3 Bed
3 Bath
1757 ft²
|
$1,800,000
-1.91%
03/17/2017
|
Casey Lesher
Christie's AKG
|
|
01/22/2015
| |
3 Bed
|
1 Bath
|
1450 ft²
|
$1,050,000
3 Bed
1 Bath
1450 ft²
|
$1,040,000
-0.95%
04/10/2015
|
Eliisa Stowell
Surterre Properties Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017