6
Map
6051 Garth Road #3
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 |
|---|---|---|---|
| Feb 19, 2026 | Sold | ||
| Sold | |||
| Feb 17, 2026 | Listed by Better Homes and Gardens Real Estate Gary Greene - Bay Area | $999,999 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Bay Area | |||
| Oct 1, 2025 | No longer available | - | |
| No longer available | |||
| May 8, 2025 | Listed by Better Homes and Gardens Real Estate Gary Greene - Bay Area | $999,900 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Bay Area | |||
| | |||
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Leased property with 7 year lease with tenant renewal options through year 17. Positive cash flow! Tenant pays own utilities and cap rate is exclusive of taxes/insurance/maintenance as those are paid by tenant. Lease rate escalates each year. Property consists of a commercial condo - 3920 sq.ft. in a 1-story medical strip center with high visibility on Garth Rd only 1 mile from I-10.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/17/2026
|
Studio
|
-
|
3920 ft²
|
$999,999
Studio
-
3920 ft²
|
$1,000,000
+0.00%
02/19/2026
|
Norman Frenk
Better Homes and Gardens Real Estate Gary Greene -
| |
|
05/08/2025
|
Studio
|
-
|
3920 ft²
|
$999,900
Studio
-
3920 ft²
|
-
-
|
Norman Frenk
Better Homes and Gardens Real Estate Gary Greene -
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017