784 Palmer Road #3A
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 |
|---|---|---|---|
| Dec 19, 2022 | Sold | ||
| Sold | |||
| Oct 26, 2022 | In contract | - | |
| In contract | |||
| Sep 27, 2022 | Listed by Houlihan Lawrence Inc. | $249,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Nov 7, 2017 | Sold | ||
| Sold | |||
| Jun 13, 2017 | Listed by Houlihan Lawrence Inc. | $205,000 | |
| Listed by Houlihan Lawrence Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/27/2022
|
1 Bed
|
1 Bath
|
-
|
$249,000
1 Bed
1 Bath
|
$237,500
-4.62%
12/19/2022
|
Leslie Corcoran
Houlihan Lawrence Inc.
| |
|
08/25/2020
|
1 Bed
|
1 Bath
|
-
|
$250,000
1 Bed
1 Bath
|
$250,000
12/09/2020
|
Craig Carpanzano
Houlihan Lawrence Inc.
| |
|
06/13/2017
|
1 Bed
|
1 Bath
|
800 ft²
|
$205,000
1 Bed
1 Bath
800 ft²
|
$195,000
-4.88%
11/07/2017
|
Kira Jennings
Compass Greater NY, LLC
| |
|
05/09/2012
|
1 Bed
|
1 Bath
|
900 ft²
|
$249,900
1 Bed
1 Bath
900 ft²
|
$232,000
-7.16%
10/17/2012
|
Wanda Blaker
Keller Williams Realty Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017