35
Map
7427 N Devon Drive #108
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 24, 2025 | Sold | ||
| Sold | |||
| Dec 2, 2025 | In contract | - | |
| In contract | |||
| Oct 28, 2025 | Price Decreased |
$169,900
↓ $5K
(2.9%) | |
| Price Decreased | |||
| Aug 18, 2025 | Price Decreased |
$174,900
↓ $5K
(2.8%) | |
| Price Decreased | |||
| Jul 15, 2025 | Listed by Parrot Realty LLC | $180,000 | |
| Listed by Parrot Realty LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/15/2025
|
2 Bed
|
2 Bath
|
1187 ft²
|
$180,000
2 Bed
2 Bath
1187 ft²
|
$169,900
-5.61%
12/24/2025
|
Michael Citron
RE/MAX Park Creek Realty Inc
| |
|
03/21/2023
|
2 Bed
|
2 Bath
|
1187 ft²
|
$215,000
2 Bed
2 Bath
1187 ft²
|
-
-
|
Michelle Kendrick
TBG Real Estate, LLC.
| |
|
01/25/2022
|
2 Bed
|
2 Bath
|
1180 ft²
|
$165,000
2 Bed
2 Bath
1180 ft²
|
$175,500
+6.36%
03/04/2022
|
Evan Sachs
Better Homes & Gdns RE Fla 1st
| |
|
09/02/2011
|
2 Bed
|
2 Bath
|
1180 ft²
|
$54,999
2 Bed
2 Bath
1180 ft²
|
$51,000
-7.27%
02/17/2012
|
Stuart Ratner
Charles Rutenberg Realty Fort Lauderdale
|
Building Info
About Devon Condominiums
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017