70 Nejecho Drive #A
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 |
|---|---|---|---|
| May 16, 2024 | Sold | ||
| Sold | |||
| Apr 11, 2024 | Listed | $289,000 | |
| Listed | |||
| | |||
|
Newly approved sub-division with Cafra permit approval in place.. This is lot 34.02. Lot 34.04 can also be purchased separately or together.
| |||
| Mar 31, 2024 | No longer available | - | |
| No longer available | |||
| Mar 1, 2024 | Price Decreased |
$289,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Jan 11, 2024 | Price Decreased |
$299,000
↓ $51K
(14.6%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/11/2024
|
Loft
|
-
|
-
|
$289,000
Loft
-
|
$260,000
-10.03%
05/16/2024
|
Richard Krug
Atlantic Real Estate Brokers, LLC
| |
|
09/29/2023
|
Loft
|
-
|
-
|
$325,000
Loft
-
|
-
-
|
Richard Krug
Atlantic Real Estate Brokers, LLC
| |
|
09/29/2023
|
Loft
|
-
|
-
|
$350,000
Loft
-
|
-
-
|
Richard Krug
Atlantic Real Estate Brokers, LLC
| |
|
05/16/2023
| |
Loft
|
-
|
-
|
$450,000
Loft
-
|
$220,000
-51.11%
09/26/2023
|
Vincent Favia
Kimberly Associates
|
|
11/25/2021
| |
Loft
|
-
|
-
|
$599,000
Loft
-
|
$565,000
-5.68%
01/21/2022
|
Dawn Kologi
Compass New Jersey, LLC
|
|
05/21/2021
| |
Loft
|
-
|
-
|
$799,000
Loft
-
|
$560,000
-29.91%
01/26/2022
|
Thomas B Donovan
Weichert Realtors-Brick
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017