577 ARCHSTONE Way #49
About This Property
top, electric oven/micro combo, ss vented hood, and dishwasher. 42'' full overlay white cabinets with quartz countertops in kitchen. Wood look laminate floor
through all main living areas with carpet in the bedrooms. Silder leading out to a covered lanai. Estimated completion December. Pond view
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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 2, 2024 | In contract | - | |
| In contract | |||
| Jul 1, 2024 | Sold | ||
| Sold | |||
| Jun 14, 2024 | Back on market | - | |
| Back on market | |||
| May 14, 2024 | Price Decreased |
$539,990
↓ $30K
(5.3%) | |
| Price Decreased | |||
| Sep 23, 2023 | Listed by OLYMPUS EXECUTIVE REALTY, INC | $569,990 | |
| 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 |
|---|---|---|---|---|---|---|---|
|
09/23/2023
|
4 Bed
|
3 Bath
|
2215 ft²
|
$569,990
4 Bed
3 Bath
2215 ft²
|
$520,000
-8.77%
07/01/2024
|
Nancy Pruitt
Olympus Executive Realty Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017