550 Mesa Drive #302
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%.
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 |
|---|---|---|---|
| Oct 26, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 11, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 10, 2024 | Listed by Redfin Corporation | $175,000 | |
| Listed by Redfin Corporation | |||
| | |||
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This move-in-ready condo offers a fantastic living experience in the desirable Steeple Hill association. Modern updates throughout create a stylish and comfortable atmosphere. The bright and airy third-floor location features a spacious family room, perfect for entertaining or relaxing. The open floor plan boasts updated vinyl plank flooring and recessed lighting, creating a seamless flow. A sliding patio door allows for summer breezes and fills the space with natural light. The sleek kitchen features white cabinets, ample counter space, and stainless steel appliances, ideal for the home cook. The generous primary bedroom boasts a private, updated bathroom and a convenient walk-in closet. A second spacious bedroom is located across the hall from the second updated bathroom, offering comfortable living space for all. This condo provides the ultimate in convenience with in-unit storage, on-site laundry facilities, and your own dedicated parking space with additional visitor parking. The HOA fee covers heat, water, gas, and scavenger services, while also granting access to the community clubhouse. Investor-friendly and ideally situated near shopping, dining, entertainment, expressway access, schools, and more, this fantastic condo offers an unbeatable combination of comfort, convenience, and location. Don't miss this opportunity!
| |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
| Jul 26, 2024 | Listed by Redfin Corporation | $179,900 | |
| Listed by Redfin Corporation | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/26/2024
|
2 Bed
|
2 Bath
|
900 ft²
|
$179,900
2 Bed
2 Bath
900 ft²
|
-
-
|
Feliberto Salgado
Redfin Corporation
| |
|
04/12/2024
|
2 Bed
|
1 Bath
|
1100 ft²
|
$160,000
2 Bed
1 Bath
1100 ft²
|
$165,000
+3.13%
04/29/2024
|
Laura McGreal
Dream Town Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017