6508 Penn Street #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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| Mar 5, 2026 | In contract | - | |
| In contract | |||
| Nov 10, 2025 | Listed by RE/MAX Gold Coast REALTORS | $495,000 | |
| Listed by RE/MAX Gold Coast REALTORS | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/10/2025
|
3 Bed
|
2 Bath
|
1295 ft²
|
$495,000
3 Bed
2 Bath
1295 ft²
|
$495,000
06/05/2026
|
Evan Remedios
RE/MAX Gold Coast REALTORS
| |
|
05/27/2022
|
2 Bed
|
2 Bath
|
1012 ft²
|
$549,000
2 Bed
2 Bath
1012 ft²
|
-
-
|
Mike Glickman
Represented By
| |
|
01/29/2015
|
2 Bed
|
2 Bath
|
1012 ft²
|
$309,000
2 Bed
2 Bath
1012 ft²
|
$310,000
+0.32%
03/10/2015
|
Kathleen Benesch
Benesch Properties
| |
|
07/24/2014
|
2 Bed
|
1 Bath
|
1012 ft²
|
$265,000
2 Bed
1 Bath
1012 ft²
|
$254,000
-4.15%
09/09/2014
|
Ryan Wetnight
RE/MAX Infinity
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017