7603 Creston Lane #2
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 24, 2025 | In contract | - | |
| In contract | |||
| May 19, 2025 | Price Decreased |
$499,900
↓ $15K
(2.9%) | |
| Price Decreased | |||
| May 14, 2025 | Price Decreased |
$515,000
↓ $15K
(2.8%) | |
| Price Decreased | |||
| Apr 15, 2025 | Price Decreased |
$530,000
↓ $15K
(2.8%) | |
| Price Decreased | |||
| Apr 9, 2025 | Price Decreased |
$545,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/11/2024
|
2 Bed
|
1 Bath
|
1096 ft²
|
$619,000
2 Bed
1 Bath
1096 ft²
|
-
-
|
Shelli McLaughlin
ProMatch Realty
| |
|
07/11/2024
|
4 Bed
|
1 Bath
|
2125 ft²
|
$849,000
4 Bed
1 Bath
2125 ft²
|
-
-
|
Shelli McLaughlin
ProMatch Realty
| |
|
07/07/2022
| |
3 Bed
|
1 Bath
|
1032 ft²
|
$525,000
3 Bed
1 Bath
1032 ft²
|
-
-
|
Jedd Johnston
Keller Williams - Austin SW
|
|
11/17/2021
| |
3 Bed
|
1 Bath
|
1032 ft²
|
$435,000
3 Bed
1 Bath
1032 ft²
|
-
-
|
Jaymes Willoughby
Keller Williams - Austin SW
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017