601 AMERICAN LEGION DRIVE #9
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 12, 2025 | Sold | ||
| Sold | |||
| Dec 5, 2025 | In contract | - | |
| In contract | |||
| Oct 30, 2025 | Listed by WATERFRONT REALTY TAMPABAY | $315,000 | |
| Listed by WATERFRONT REALTY TAMPABAY | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/31/2026
|
Studio
|
-
|
-
|
$249,000
Studio
-
|
$225,000
-9.64%
06/12/2026
|
Chris Remmert
CENTURY 21 EXECUTIVE TEAM
| |
|
10/30/2025
|
Studio
|
-
|
-
|
$315,000
Studio
-
|
$280,000
-11.11%
12/12/2025
|
Gina Johnson
WATERFRONT REALTY TAMPABAY
| |
|
04/24/2025
|
Studio
|
-
|
-
|
$299,900
Studio
-
|
$275,000
-8.30%
06/02/2025
|
Gina Johnson
WATERFRONT REALTY TAMPABAY
| |
|
01/11/2023
|
Loft
|
-
|
-
|
$249,440
Loft
-
|
$235,000
-5.79%
01/26/2023
|
Gina Johnson
WATERFRONT REALTY TAMPABAY
| |
|
06/21/2022
|
Loft
|
-
|
810 ft²
|
$200,000
Loft
-
810 ft²
|
$180,000
-10.00%
08/05/2022
|
Gina Johnson
WATERFRONT REALTY TAMPABAY
| |
|
07/14/2021
|
Loft
|
-
|
-
|
$179,999
Loft
-
|
$185,000
+2.78%
07/23/2021
|
Jessica Bex
COASTAL PROPERTIES GROUP
|
Building Info
- 2 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017