64 Papermill Rd #64
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 |
|---|---|---|---|
| Jan 20, 2026 | No longer available | - | |
| No longer available | |||
| Nov 24, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Nov 13, 2025 | Price Decreased |
$495,000
↓ $4K
(0.8%) | |
| Price Decreased | |||
| Jul 18, 2025 | Listed by Today Real Estate, Inc. | $499,000 | |
| Listed by Today Real Estate, Inc. | |||
| Jan 25, 2023 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/18/2025
|
2 Bed
|
2 Bath
|
1382 ft²
|
$499,000
2 Bed
2 Bath
1382 ft²
|
-
-
|
Steven Putnam
Today Real Estate
| |
|
12/07/2022
|
2 Bed
|
2 Bath
|
1382 ft²
|
$405,000
2 Bed
2 Bath
1382 ft²
|
$415,000
+2.47%
01/25/2023
|
Lori Hughes
Conway - Lakeville
| |
|
05/07/2019
|
2 Bed
|
2 Bath
|
1382 ft²
|
$309,900
2 Bed
2 Bath
1382 ft²
|
$330,000
+6.49%
07/16/2019
|
Marie Whitney
Marie Whitney Real Estate
| |
|
04/14/2016
|
2 Bed
|
2 Bath
|
1382 ft²
|
$269,000
2 Bed
2 Bath
1382 ft²
|
$265,000
-1.49%
05/25/2016
|
Mary Anderson
Realty Professionals of MA
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017