761 Midway DRIVE #A
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 |
|---|---|---|---|
| Oct 7, 2024 | Sold | ||
| Sold | |||
| Sep 12, 2024 | In contract | - | |
| In contract | |||
| Aug 31, 2024 | Price Decreased |
$149,900
↓ $3K
(2%) | |
| Price Decreased | |||
| Aug 3, 2024 | Price Decreased |
$152,900
↓ $7K
(4.4%) | |
| Price Decreased | |||
| Jul 12, 2024 | Listed by SOUTHERN CHARM REALTY OF CF | $159,900 | |
| Listed by SOUTHERN CHARM REALTY OF CF | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/12/2024
|
2 Bed
|
2 Bath
|
986 ft²
|
$159,900
2 Bed
2 Bath
986 ft²
|
$145,000
-9.32%
10/07/2024
|
Kenneth Hoffman
SOUTHERN CHARM REALTY OF CF
| |
|
10/02/2022
|
2 Bed
|
1.5 Bath
|
986 ft²
|
$132,500
2 Bed
1.5 Bath
986 ft²
|
-
-
|
Aaron Zmek
RE/MAX PREMIER REALTY
| |
|
06/08/2018
|
2 Bed
|
2 Bath
|
1012 ft²
|
$54,900
2 Bed
2 Bath
1012 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017