531 Regency Drive
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 5, 2025 | Sold | ||
| Sold | |||
| Jan 30, 2025 | In contract | - | |
| In contract | |||
| Nov 23, 2024 | Relisted | $449,750 | |
| Relisted | |||
| Nov 23, 2024 | No longer available | - | |
| No longer available | |||
| Nov 12, 2024 | Price Decreased |
$449,750
↓ $250
(0.1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/17/2024
| |
1 Bed
|
2 Bath
|
1499 ft²
|
$495,000
1 Bed
2 Bath
1499 ft²
|
$435,000
-12.12%
03/05/2025
|
Matthew H. Palumbo
Weichert Realtors
|
|
05/09/2017
| |
1 Bed
|
2 Bath
|
1499 ft²
|
$315,000
1 Bed
2 Bath
1499 ft²
|
$307,500
-2.38%
10/14/2017
|
Lance Pahucki
Weichert Realtors
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017