7188 S DEVON DR #110
About This Property
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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 29, 2024 | Sold | ||
| Sold | |||
| Aug 19, 2024 | In contract | - | |
| In contract | |||
| Jul 3, 2024 | Price Decreased |
$239,500
↓ $10K
(4%) | |
| Price Decreased | |||
| Jun 17, 2024 | Price Decreased |
$249,500
↓ $5K
(2%) | |
| Price Decreased | |||
| Jun 4, 2024 | Listed | $254,500 | |
| Listed | |||
| | |||
|
First floor, wheelchair accessible with ramp and parking right in front of the unit. Renovated 55+ Lake front Condo. Kitchen Countertop will be re-painted prior to closing to the customers choice of color and design. this property offers an open-concept design with waterproof vinyl flooring and tile combination, stainless steel appliances, white cabinets, washer/dryer in separate large laundry room with extra storage closet and more. Shutters through, new water heater and an AC unit that works like new! There is a huge clubhouse (60,000 plus sq ft) and separate 1000 seat theater! In the clubhouse, there is a heated pool, whirlpool, sauna, billiard room, business center, fully equipped gym, arts and crafts room, meeting rooms, and innumerable clubs and activities.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/24/2023
|
2 Bed
|
2 Bath
|
1142 ft²
|
$175,000
2 Bed
2 Bath
1142 ft²
|
$165,000
-5.71%
04/12/2024
|
Jacqueline Sigesmund
Berger Realty Group Inc
| |
|
09/15/2014
|
2 Bed
|
2 Bath
|
1292 ft²
|
$82,000
2 Bed
2 Bath
1292 ft²
|
$80,000
-2.44%
05/14/2015
|
Renee Herscher
RE/MAX Interaction Realty LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017