1
Map
615 MIDWAY DRIVE #B
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 |
|---|---|---|---|
| May 27, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| Apr 18, 2026 | Price Decreased |
$99,000
↓ $11K
(9.9%) | |
| Price Decreased | |||
| Mar 30, 2026 | Price Decreased |
$109,900
↓ $5K
(4.4%) | |
| Price Decreased | |||
| Feb 26, 2026 | Listed by RE/MAX PREMIER REALTY | $115,000 | |
| Listed by RE/MAX PREMIER REALTY | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/26/2026
|
2 Bed
|
2 Bath
|
1108 ft²
|
$115,000
2 Bed
2 Bath
1108 ft²
|
$89,000
-22.61%
05/27/2026
|
Marie Evans
RE/MAX PREMIER REALTY
| |
|
11/25/2023
|
2 Bed
|
2 Bath
|
1108 ft²
|
$130,000
2 Bed
2 Bath
1108 ft²
|
$120,000
-7.69%
12/27/2023
|
John Dankert
ROBERT SLACK LLC
| |
|
09/05/2023
|
2 Bed
|
2 Bath
|
1108 ft²
|
$120,900
2 Bed
2 Bath
1108 ft²
|
$120,000
-0.74%
10/13/2023
|
Marie Evans
RE/MAX PREMIER REALTY
| |
|
06/09/2022
|
2 Bed
|
2 Bath
|
1108 ft²
|
$114,900
2 Bed
2 Bath
1108 ft²
|
$110,000
-4.26%
08/12/2022
|
Marie Evans
RE/MAX PREMIER REALTY
| |
|
04/13/2019
| |
2 Bed
|
2 Bath
|
1108 ft²
|
$75,000
2 Bed
2 Bath
1108 ft²
|
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|
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017