7 Royal Palm Pointe #PHE
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 |
|---|---|---|---|
| Aug 1, 2025 | Sold | ||
| Sold | |||
| Apr 22, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Price Decreased |
$2,198,000
↓ $300K
(12%) | |
| Price Decreased | |||
| Mar 15, 2025 | Price Decreased |
$2,498,000
↓ $200K
(7.4%) | |
| Price Decreased | |||
| Jan 28, 2025 | Price Decreased |
$2,698,000
↓ $100K
(3.6%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/13/2025
|
3 Bed
|
3 Bath
|
3500 ft²
|
$2,200,000
3 Bed
3 Bath
3500 ft²
|
$1,900,000
-13.64%
06/24/2025
|
Rita Curry
Dale Sorensen Real Estate Inc.
| |
|
01/09/2025
|
3 Bed
|
3 Bath
|
3500 ft²
|
$2,798,000
3 Bed
3 Bath
3500 ft²
|
$2,203,000
-21.27%
08/01/2025
|
Beth Livers
Berkshire Hathaway Florida
| |
|
01/30/2021
|
3 Bed
|
4 Bath
|
-
|
$2,100,000
3 Bed
4 Bath
|
-
-
|
David M Decker
Dale Sorensen Real Estate Inc.
| |
|
05/26/2020
|
3 Bed
|
4 Bath
|
-
|
$1,950,000
3 Bed
4 Bath
|
-
-
|
-
| |
|
03/10/2020
|
3 Bed
|
4 Bath
|
-
|
$2,195,000
3 Bed
4 Bath
|
-
-
|
-
| |
|
04/29/2018
|
3 Bed
|
4 Bath
|
-
|
-
3 Bed
4 Bath
|
-
-
|
-
| |
|
09/29/2011
|
3 Bed
|
3 Bath
|
-
|
$849,000
3 Bed
3 Bath
|
$800,000
-5.77%
04/09/2012
|
Jane P Schwiering
Premier Estate Properties
| |
|
06/08/2011
|
3 Bed
|
4 Bath
|
-
|
$998,000
3 Bed
4 Bath
|
$800,000
-19.84%
09/21/2012
|
Michael Thorpe
One Sotheby's International
|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017