628 Palm View DR #2
About This Property
The manager has listed the unit size as 970 square feet.
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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 |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| Jun 3, 2025 | In contract | - | |
| In contract | |||
| Mar 8, 2025 | Price Decreased |
$259,000
↓ $20K
(7.2%) | |
| Price Decreased | |||
| Feb 19, 2025 | Price Decreased |
$279,000
↓ $15K
(5.1%) | |
| Price Decreased | |||
| Dec 14, 2024 | Price Decreased |
$294,000
↓ $15K
(4.9%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/25/2024
|
2 Bed
|
2 Bath
|
1093 ft²
|
$320,000
2 Bed
2 Bath
1093 ft²
|
$250,000
-21.88%
07/11/2025
|
Brian Giacomello, LLC
William Raveis Real Estate
| |
|
03/04/2020
|
2 Bed
|
2 Bath
|
970 ft²
|
$184,900
2 Bed
2 Bath
970 ft²
|
-
-
|
-
| |
|
04/24/2008
|
2 Bed
|
2 Bath
|
970 ft²
|
$69,500
2 Bed
2 Bath
970 ft²
|
$62,500
-10.07%
09/14/2010
|
Donna Bell
MVP Realty Associates LLC
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017