704 Constitution Drive #B
About This Property
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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%.
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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 5, 2022 | Sold | ||
| Sold | |||
| Apr 12, 2022 | Listed by Keller Williams Realty Cary | $350,000 | |
| Listed by Keller Williams Realty Cary | |||
| | |||
|
This classic contemporary offers peaceful, natural views via the soaring two-story wall of windows. An open floor plan, floating stairs & a painted exposed brick wall add to the charm of this home which is nestled in a serene location just minutes from Duke. Entertain & enjoy the natural surroundings on either of the 2 decks. The 2nd bedroom offers a Juliette balcony. This home comes w/2 assigned parking spaces. Community offers pool, tennis, clubhouse & dog park. All appliances convey. Abundant storage!
| |||
| Jan 23, 2017 | Sold | ||
| Sold | |||
| Nov 10, 2016 | Listed by Phyllis Brown & Associates Inc | $189,900 | |
| Listed by Phyllis Brown & Associates Inc | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/16/2024
|
3 Bed
|
2 Bath
|
1838 ft²
|
$399,000
3 Bed
2 Bath
1838 ft²
|
$449,300
+12.61%
06/17/2024
|
Kenneth Jackson
Nest Realty
| |
|
03/21/2024
|
3 Bed
|
2 Bath
|
1936 ft²
|
$450,000
3 Bed
2 Bath
1936 ft²
|
$470,000
+4.44%
04/29/2024
|
Howie Freiling
Fonville Morisey/Brier Creek S
| |
|
03/21/2024
| |
3 Bed
|
2 Bath
|
-
|
$450,000
3 Bed
2 Bath
|
-
-
|
Howard Freiling
Brier Creek
|
|
04/12/2022
|
3 Bed
|
3 Bath
|
1720 ft²
|
$350,000
3 Bed
3 Bath
1720 ft²
|
$435,000
+24.29%
05/05/2022
|
Sonya May
Keller Williams Realty Cary
| |
|
05/02/2019
|
4 Bed
|
3 Bath
|
2120 ft²
|
$245,000
4 Bed
3 Bath
2120 ft²
|
$255,000
+4.08%
06/06/2019
|
Andrea Kubachko
Urban Durham Realty
| |
|
08/28/2018
|
3 Bed
|
2 Bath
|
1719 ft²
|
$180,000
3 Bed
2 Bath
1719 ft²
|
$170,000
-5.56%
11/30/2018
|
Laura Bourbonnais
Redfin Corporation
| |
|
11/10/2016
|
3 Bed
|
3 Bath
|
1714 ft²
|
$189,900
3 Bed
3 Bath
1714 ft²
|
$187,000
-1.53%
01/23/2017
|
-
| |
|
03/17/2016
|
3 Bed
|
2 Bath
|
1932 ft²
|
$189,500
3 Bed
2 Bath
1932 ft²
|
$183,000
-3.43%
07/05/2016
|
Leslie Mansfield
Coldwell Banker Advantage
| |
|
02/26/2016
|
3 Bed
|
3 Bath
|
2250 ft²
|
$165,000
3 Bed
3 Bath
2250 ft²
|
$165,000
08/05/2016
|
Liz Schoeneberger
West and Woodall Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017