51 Mountain Gate Rd #51
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 |
|---|---|---|---|
| Dec 16, 2022 | Sold | ||
| Sold | |||
| Oct 29, 2022 | In contract | - | |
| In contract | |||
| Oct 19, 2022 | Listed by Oak Realty | $399,000 | |
| Listed by Oak Realty | |||
| Apr 12, 2016 | Sold | ||
| Sold | |||
| Jan 21, 2016 | Listed by Oak Realty | $269,900 | |
| Listed by Oak Realty | |||
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Pristine, serene sun-filled home surrounded by woodlands yet close to everything, this beautiful condo is light and bright, as well as meticulously updated, improved and cared-for. The white Kitchen has custom tilework, pretty solid surface Corian countertops, and opens to a spacious dining area that looks onto the oversized Deck. The renovated Half Bath is tucked off the Living Room. Bedrooms are just as bright and welcoming, with ample closet space including a convenient linen closet in the Hallway. The Full Bath is also renovated, with a double vanity and new tub area. All rooms have been improved with custom trim around all windows and doors. Behind the scenes is a newer furnace, hot water heater and electrical panel, as well as a one-car Garage with room for a workspace. This condo is located on one of Ledgemere's pretty side roads, adding one additional layer of quiet and privacy. A fabulous home
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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 |
|---|---|---|---|---|---|---|---|
|
10/19/2022
|
2 Bed
|
2 Bath
|
1326 ft²
|
$439,900
2 Bed
2 Bath
1326 ft²
|
$400,000
-9.07%
12/16/2022
|
Cordover Browne
CEB Realty & Financial Services
| |
|
01/21/2016
|
2 Bed
|
2 Bath
|
1326 ft²
|
$269,900
2 Bed
2 Bath
1326 ft²
|
$250,000
-7.37%
04/12/2016
|
Pamela Bathen
Oak Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017