1
Map
642 Sumner Way #2
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 |
|---|---|---|---|
| Mar 21, 2019 | Sold | ||
| Sold | |||
| Jan 31, 2019 | Listed by Harcourts Sand and Sea Prop. | $445,000 | |
| Listed by Harcourts Sand and Sea Prop. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/09/2020
|
3 Bed
|
2 Bath
|
1471 ft²
|
$430,000
3 Bed
2 Bath
1471 ft²
|
$430,000
08/06/2020
|
Rick McGrath
Coldwell Banker Realty
| |
|
08/17/2019
|
3 Bed
|
2 Bath
|
1471 ft²
|
$425,000
3 Bed
2 Bath
1471 ft²
|
$425,000
09/10/2019
|
Trudy McGrath
Coldwell Banker Res Brokerage
| |
|
01/31/2019
|
4 Bed
|
2 Bath
|
1837 ft²
|
$445,000
4 Bed
2 Bath
1837 ft²
|
$451,000
+1.35%
03/21/2019
|
Candy Vargas
Harcourts Prime Properties
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017