700 First Avenue #203
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 14, 2024 | No longer available | - | |
No longer available | |||
Oct 5, 2024 | In contract | - | |
In contract | |||
Aug 9, 2024 | Relisted | $1,049,000 | |
Relisted | |||
Aug 8, 2024 | No longer available | - | |
No longer available | |||
Aug 8, 2024 | Price Decreased |
$1,049,000
↓ $100K
(8.7%) | |
Price Decreased |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/15/2024
|
2 Bed
|
2 Bath
|
-
|
$1,195,000
2 Bed
2 Bath
|
-
-
|
-
|
Daniel Bowersock
FERGUSON-DECHERT, INC
| |
09/29/2023
|
2 Bed
|
2 Bath
|
-
|
$1,275,000
2 Bed
2 Bath
|
$1,250,000
-1.96%
12/01/2023
|
Amy Lombardo
BERKSHIRE HATHAWAY HS FOX & ROACH sic
| ||
05/20/2022
|
2 Bed
|
2 Bath
|
930 ft²
|
$949,000
2 Bed
2 Bath
930 ft²
|
$949,000
06/07/2022
|
-
|
Roger J. (RJ) Soens III
LONG & FOSTER REAL ESTATE, INC av
| |
03/05/2021
|
Studio
|
1 Bath
|
444 ft²
|
$445,000
Studio
1 Bath
444 ft²
|
-
-
|
-
|
-
| |
09/02/2019
|
2 Bed
|
2 Bath
|
930 ft²
|
$749,000
2 Bed
2 Bath
930 ft²
|
-
-
|
-
|
-
| |
09/21/2018
|
2 Bed
|
2 Bath
|
930 ft²
|
-
2 Bed
2 Bath
930 ft²
|
-
-
|
-
|
-
| |
05/14/2018
| |
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
|
-
|
11/30/2017
|
2 Bed
|
2 Bath
|
-
|
$599,000
2 Bed
2 Bath
|
-
-
|
-
|
Jonathan W. Landon
COMPASS RE - AV Dune
|
Building Info
