540 Fairview Avenue #31
About This Property
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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.
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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 4, 2019 | Sold | ||
| Sold | |||
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 28, 2019 | Listed | $485,000 | |
| Listed | |||
| | |||
|
Arcadia Schools! Priced to sell! Top floor spacious condo with beautiful views of the well manicured park situated in a very desirable Arcadia neighborhood offering top rated Arcadia schools. Spacious and bright living room adjacent to a charming and functional lanai area. The remodeled and sophisticated kitchen includes beautiful cabinets and granite counter tops. Both bedrooms are well sized with the master offering a private 3/4 updated bathroom and the second bedroom equipped with beautiful built-ins cabinets, desk and lots of closet space. Central air and heat. Well maintained complex offers a sparkling pool to relax and low HOA dues! HOA is strong with excellent reserves, around $1 Million. 2 parking spaces included, 1 car garage and one carport. The manager has listed the unit size as 1253 square feet.
| |||
| May 31, 2019 | Listed by IRN Realty | $485,000 | |
| Listed by IRN Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/18/2025
|
2 Bed
|
1 Bath
|
1270 ft²
|
$675,000
2 Bed
1 Bath
1270 ft²
|
$648,000
-4.00%
03/16/2026
|
PAULINE CHENG
Wetrust Realty
| |
|
05/03/2024
|
3 Bed
|
2 Bath
|
1605 ft²
|
$798,000
3 Bed
2 Bath
1605 ft²
|
-
-
|
Wenqian Zhou
Keller Williams Realty
| |
|
08/13/2022
|
2 Bed
|
2 Bath
|
1247 ft²
|
$625,000
2 Bed
2 Bath
1247 ft²
|
-
-
|
Wenqian Zhou
Keller Williams Realty
| |
|
08/12/2022
|
2 Bed
|
2 Bath
|
1256 ft²
|
$650,000
2 Bed
2 Bath
1256 ft²
|
-
-
|
Sharon Liu
Re/Max Premier Prop Arcadia
| |
|
05/31/2019
|
2 Bed
|
2 Bath
|
1253 ft²
|
$485,000
2 Bed
2 Bath
1253 ft²
|
$475,000
-2.06%
10/04/2019
|
Jill Chen
The Realestate Group
| |
|
08/23/2019
|
2 Bed
|
1 Bath
|
1270 ft²
|
$550,000
2 Bed
1 Bath
1270 ft²
|
$550,000
12/04/2019
|
Zachary Godfrey
Coldwell Banker Arcadia
| |
|
09/07/2018
|
3 Bed
|
2 Bath
|
1605 ft²
|
$658,000
3 Bed
2 Bath
1605 ft²
|
$638,000
-3.04%
12/11/2018
|
Dharshini Venkateswaran
Century 21 Adams & Barnes
| |
|
06/20/2018
|
2 Bed
|
1 Bath
|
1270 ft²
|
$579,900
2 Bed
1 Bath
1270 ft²
|
$570,000
-1.71%
08/01/2018
|
KUO-CHIH CHEN
CTC Investment Properties, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017