7504 N Devon Drive #206
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 |
|---|---|---|---|
| Jun 17, 2024 | Sold | ||
| Sold | |||
| May 9, 2024 | In contract | - | |
| In contract | |||
| May 5, 2024 | Price Decreased |
$229,900
↓ $5K
(2.1%) | |
| Price Decreased | |||
| Apr 4, 2024 | Price Decreased |
$234,900
↓ $2K
(0.8%) | |
| Price Decreased | |||
| Mar 23, 2024 | Price Decreased |
$236,900
↓ $3K
(1.1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/28/2023
|
2 Bed
|
2 Bath
|
1300 ft²
|
$229,900
2 Bed
2 Bath
1300 ft²
|
$220,000
-4.31%
06/17/2024
|
Sandra Milo
Serafina Realty Inc.
| |
|
04/11/2019
|
2 Bed
|
2 Bath
|
1300 ft²
|
$127,900
2 Bed
2 Bath
1300 ft²
|
$124,500
-2.66%
06/28/2019
|
Maxine Adeline-Cintorino
Agents Realty Group, LLC
|
Building Info
About Devon Condominiums
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$2,650 /mo
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$2,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017