700 Mitchell Dr.
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 |
|---|---|---|---|
| Dec 14, 2023 | No longer available | - | |
| No longer available | |||
| Jun 13, 2023 | Price Decreased |
$2,500,000
↓ $100K
(3.9%) | |
| Price Decreased | |||
| Mar 30, 2023 | Price Decreased |
$2,600,000
↓ $250K
(8.8%) | |
| Price Decreased | |||
| Mar 24, 2023 | Listed | $2,850,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/24/2023
| |
Studio
|
-
|
-
|
$2,850,000
Studio
-
|
-
-
|
Ester Esti Simantov
Own Myrtle Real Estate
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017