588 FAIRWAY VIEW Drive #2E
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.
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/08/2025
|
1 Bed
|
1 Bath
|
679 ft²
|
$145,000
1 Bed
1 Bath
679 ft²
|
$135,000
-6.90%
04/23/2026
|
Sergey Ognev
Citiland Real Estate Inc
| |
|
01/02/2025
|
1 Bed
|
1 Bath
|
700 ft²
|
$150,000
1 Bed
1 Bath
700 ft²
|
$138,000
-8.00%
02/28/2025
|
Jenny Park
Baird & Warner
| |
|
11/09/2024
|
1 Bed
|
2 Bath
|
700 ft²
|
$149,900
1 Bed
2 Bath
700 ft²
|
$135,000
-9.94%
12/18/2024
|
David Pickard
RE/MAX Suburban
| |
|
07/05/2024
|
1 Bed
|
1 Bath
|
700 ft²
|
$160,000
1 Bed
1 Bath
700 ft²
|
-
-
|
Jenny Park
Baird & Warner
| |
|
04/09/2024
|
2 Bed
|
2 Bath
|
935 ft²
|
$150,000
2 Bed
2 Bath
935 ft²
|
$158,000
+5.33%
05/16/2024
|
Julia Alexander
Keller Williams North Shore West
| |
|
06/08/2023
|
1 Bed
|
1 Bath
|
700 ft²
|
$129,900
1 Bed
1 Bath
700 ft²
|
$120,000
-7.62%
06/23/2023
|
Cathy Orlando
Baird & Warner
| |
|
05/28/2021
|
2 Bed
|
1 Bath
|
935 ft²
|
$127,500
2 Bed
1 Bath
935 ft²
|
-
-
|
-
|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017