5 Steven Drive #8
About This Property
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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%.
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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 31, 2019 | Sold | ||
| Sold | |||
| Jul 17, 2019 | Listed by J. Philip Real Estate, LLC. | $275,000 | |
| Listed by J. Philip Real Estate, LLC. | |||
| | |||
|
Bank owned two bedroom two bath condo. Appealing layout with wood-burning fireplace, formal dining room and sliding doors to a deck over looking greenery. First floor laundry. Complex includes swimming pool, tennis courts, and a clubhouse with a large meeting room and kitchen. Master suite includes loft overlooking living area and full bath upstairs. Great location, near Highway's and other local amenities. Wonderful lifestyle at an affordable price point. Sold as is, with buyer to pay New York State transfer tax.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/07/2020
|
1 Bed
|
2 Bath
|
-
|
$339,000
1 Bed
2 Bath
|
$312,500
-7.82%
11/06/2020
|
BRENDA TIMM
COLDWELL BANKER RESIDENTIAL CR
| |
|
07/17/2019
|
2 Bed
|
2 Bath
|
-
|
$275,000
2 Bed
2 Bath
|
$257,500
-6.36%
10/31/2019
|
J. Philip Faranda
J. Philip Real Estate, LLC.
| |
|
08/04/2016
|
1 Bed
|
1 Bath
|
1525 ft²
|
$269,500
1 Bed
1 Bath
1525 ft²
|
$267,000
-0.93%
11/09/2016
|
Gail Simring
The Foxes Real Estate
| |
|
01/22/2016
|
1 Bed
|
1 Bath
|
1525 ft²
|
$264,222
1 Bed
1 Bath
1525 ft²
|
$258,000
-2.35%
09/22/2016
|
Mark J. Seiden
Mark Seiden Real Estate Team
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017