744 Wedge Drive #27
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 |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Oct 31, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Listed by Downing Frye Realty Inc. | $295,000 | |
| Listed by Downing Frye Realty Inc. | |||
| May 14, 2024 | No longer available | - | |
| No longer available | |||
| Apr 17, 2024 | Price Decreased |
$315,000
↓ $25K
(7.4%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/26/2025
|
2 Bed
|
1 Bath
|
950 ft²
|
$299,000
2 Bed
1 Bath
950 ft²
|
$270,000
-9.70%
05/08/2025
|
Maria Ferrara-Gelardi
Premiere Plus Realty Company
| |
|
02/05/2025
|
2 Bed
|
2 Bath
|
1182 ft²
|
$475,000
2 Bed
2 Bath
1182 ft²
|
$435,000
-8.42%
02/26/2025
|
Doug Haughey
Royal Shell Real Estate, Inc.
| |
|
10/17/2024
|
2 Bed
|
2 Bath
|
966 ft²
|
$295,000
2 Bed
2 Bath
966 ft²
|
$240,000
-18.64%
11/22/2024
|
Lisa Lineback
Downing Frye Realty Inc.
| |
|
12/18/2023
|
2 Bed
|
2 Bath
|
966 ft²
|
$389,000
2 Bed
2 Bath
966 ft²
|
-
-
|
Suzanne Kepple
Compass Florida LLC
|
Building Info
About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017