
25
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583 Putnam Avenue #4
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 |
---|---|---|---|
Dec 18, 2024 | Price Decreased |
$1,210,000
↓ $40K
(3.2%) | |
Price Decreased | |||
Oct 12, 2024 | Listed by Keller Williams Realty Empire | $1,250,000 | |
Listed by Keller Williams Realty Empire |
Property Highlights
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Price/ft²
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Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
- 4 Units
- 3 Units for Sale

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