560 CHERRY ELM Drive #120
About This Property
in all main areas downstairs, kitchen backsplash, microwave oven combo, stainless steel
hood, 5 burner gas cooktop, tankless gas hotwater heater, quartz countertops in kitchen &
baths, kitchen pendant lights, blinds throughout, and much more!
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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 |
|---|---|---|---|
| Aug 12, 2024 | Sold | ||
| Sold | |||
| Jul 28, 2024 | In contract | - | |
| In contract | |||
| Jul 15, 2024 | Listed by OLYMPUS EXECUTIVE REALTY, INC | $394,990 | |
| Listed by OLYMPUS EXECUTIVE REALTY, INC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/15/2024
|
3 Bed
|
2 Bath
|
1386 ft²
|
$394,990
3 Bed
2 Bath
1386 ft²
|
$394,990
08/12/2024
|
Nancy Pruitt
Olympus Executive Realty Inc
|
Building Info
About World Golf Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017