587 PALACE Drive
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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 |
|---|---|---|---|
| Nov 8, 2022 | Sold | ||
| Sold | |||
| Sep 8, 2022 | Listed by MOMENTUM REALTY | $439,000 | |
| Listed by MOMENTUM REALTY | |||
| Apr 1, 2021 | No longer available | - | |
| No longer available | |||
| Mar 30, 2021 | Sold | ||
| Sold | |||
| Feb 3, 2021 | Listed | $304,990 | |
| Listed | |||
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The Clifton is a single-story Freedom Home plan designed for the 55 or better homeowner. Freedom Homes offer low maintenance living in a gated neighborhood with a lifestyle director to give you both the community and lifestyle you deserve! The home features a floor plan of 1,799 square feet. It has two bedrooms, plus a flex room perfect for a home office or spare bedroom, covered lanai and a two-car garage. The Clifton plan offers an open living area, spacious kitchen with a large center island, and granite kitchen counters. The abundance of large windows makes this home come alive with natural light and the open floor plan is perfect for entertaining! The massive main suite also has a large bathroom with dual vanity, and oversized walk-in closet. The manager has listed the unit size as 1799 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017