538 Midway DRIVE #B
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 16, 2024 | Sold | ||
| Sold | |||
| Jun 17, 2024 | In contract | - | |
| In contract | |||
| May 31, 2024 | Price Decreased |
$111,000
↓ $5K
(4.3%) | |
| Price Decreased | |||
| May 23, 2024 | Price Increased |
$116,000
↑ $2K
(1.8%) | |
| Price Increased | |||
| May 6, 2024 | Price Decreased |
$114,000
↓ $5K
(3.8%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/23/2026
|
1 Bed
|
1 Bath
|
844 ft²
|
$110,000
1 Bed
1 Bath
844 ft²
|
$100,000
-9.09%
08/18/2026
|
Karen Woods
RE/MAX REALTY UNLIMITED
| |
|
02/16/2024
|
1 Bed
|
1 Bath
|
844 ft²
|
$125,000
1 Bed
1 Bath
844 ft²
|
$111,000
-11.20%
07/16/2024
|
Penny Terry
KELLER WILLIAMS CORNERSTONE RE
| |
|
08/23/2023
|
1 Bed
|
1 Bath
|
844 ft²
|
$114,900
1 Bed
1 Bath
844 ft²
|
$99,500
-13.40%
01/23/2024
|
Earl Wilson
FONTANA REALTY EAST OCALA
| |
|
08/11/2023
|
1 Bed
|
1 Bath
|
844 ft²
|
$93,000
1 Bed
1 Bath
844 ft²
|
$80,000
-13.98%
01/12/2024
|
David Wineriter
FONTANA REALTY EAST OCALA
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017