648 Midway DRIVE #A
About This Property
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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%.
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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.
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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 5, 2024 | Sold | ||
| Sold | |||
| Jan 17, 2024 | In contract | - | |
| In contract | |||
| Dec 29, 2023 | Listed by REMAX/PREMIER REALTY | $109,900 | |
| Listed by REMAX/PREMIER REALTY | |||
| Jan 23, 2021 | No longer available | - | |
| No longer available | |||
| Jan 7, 2021 | Listed | $64,500 | |
| Listed | |||
| | |||
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Furnished ground floor condo overlooking the golf course - A rare find! This spacious 1/1 has 822 sq ft of living area plus a 7x19 glass enclosed Florida room. Sliding glass doors in the living room lead to the FL room facing the golf course - No rear neighbors. The dining area has a pass-thru bar to the spacious kitchen with pantry and desk area. Large 16x12 bedroom with walk-in closet. All appliances including washer/dryer stay. Water heater updated in 2018, a/c updated in 2008. Priced lower than other condos to allow for cosmetic updates needed. $198 monthly fee includes cable TV and community pool. This end unit is located in a quiet 55+ community less than 2 miles to Walmart, restaurants and other conveniences. The manager has listed the unit size as 822 square feet.
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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 |
|---|---|---|---|---|---|---|---|
|
12/29/2023
|
1 Bed
|
1 Bath
|
822 ft²
|
$109,900
1 Bed
1 Bath
822 ft²
|
$105,000
-4.46%
03/05/2024
|
Marie Evans
RE/MAX PREMIER REALTY
| |
|
02/11/2023
|
1 Bed
|
1 Bath
|
822 ft²
|
$79,900
1 Bed
1 Bath
822 ft²
|
$73,500
-8.01%
03/16/2023
|
Marie Evans
RE/MAX PREMIER REALTY
| |
|
01/07/2021
|
1 Bed
|
1 Bath
|
822 ft²
|
$64,500
1 Bed
1 Bath
822 ft²
|
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017