5 Ironwood Path #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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| May 15, 2024 | Price Decreased |
$649,000
↓ $50K
(7.2%) | |
| Price Decreased | |||
| Apr 30, 2024 | Price Increased |
$699,000
↑ $50K
(7.7%) | |
| Price Increased | |||
| Apr 11, 2024 | Listed by Sotheby's International Realty | $649,000 | |
| Listed by Sotheby's International Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/11/2024
|
2 Bed
|
2 Bath
|
1338 ft²
|
$750,000
2 Bed
2 Bath
1338 ft²
|
$639,000
-14.80%
07/26/2024
|
Stacey Ricci
Sotheby's International Realty - Sandwich Brokerage
| |
|
06/11/2021
| |
2 Bed
|
2 Bath
|
1338 ft²
|
$499,000
2 Bed
2 Bath
1338 ft²
|
$495,000
-0.80%
07/26/2021
|
Stacey L Ricci
Kinlin Grover Real Estate
|
|
02/26/2010
|
2 Bed
|
2 Bath
|
1335 ft²
|
$339,000
2 Bed
2 Bath
1335 ft²
|
-
-
|
Leonard O Leary
Kalstar Realty Services
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017