5005 Codorniz Way #8
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 |
|---|---|---|---|
| Mar 12, 2026 | Sold | ||
| Sold | |||
| Mar 5, 2026 | In contract | - | |
| In contract | |||
| Jan 25, 2026 | Price Decreased |
$635,000
↓ $3K
(0.5%) | |
| Price Decreased | |||
| Oct 18, 2025 | Price Decreased |
$638,000
↓ $7K
(1.1%) | |
| Price Decreased | |||
| Aug 30, 2025 | Listed by HomeSmart Realty West | $645,000 | |
| Listed by HomeSmart Realty West | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/30/2025
|
2 Bed
|
2 Bath
|
1467 ft²
|
$645,000
2 Bed
2 Bath
1467 ft²
|
$631,500
-2.09%
03/12/2026
|
Nicole Amiatu
Sea Coast Exclusive Properties
| |
|
07/28/2020
|
3 Bed
|
2 Bath
|
1465 ft²
|
$468,888
3 Bed
2 Bath
1465 ft²
|
$475,000
+1.30%
08/28/2020
|
Jackson Campbell
Keller Williams Carmel Valley
| |
|
08/19/2018
|
2 Bed
|
2 Bath
|
1028 ft²
|
$369,000
2 Bed
2 Bath
1028 ft²
|
$290,000
-21.41%
11/08/2018
|
Frank Grangetto
Frank Grangetto, Broker
| |
|
01/09/2018
|
3 Bed
|
2 Bath
|
1465 ft²
|
$420,000
3 Bed
2 Bath
1465 ft²
|
$410,000
-2.38%
02/09/2018
|
Ernest Pierce
Pierce & Co.
| |
|
10/15/2015
|
3 Bed
|
2 Bath
|
1479 ft²
|
$360,000
3 Bed
2 Bath
1479 ft²
|
$352,500
-2.08%
12/11/2015
|
Dene Sellers
Real Estate eBroker
| |
|
04/12/2013
|
3 Bed
|
2 Bath
|
1479 ft²
|
$299,000
3 Bed
2 Bath
1479 ft²
|
$309,000
+3.34%
06/12/2013
|
Diana Gavin
Realty ONE Group Pacific
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017