8 Gates Lane #8B
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 |
|---|---|---|---|
| Aug 20, 2009 | Sold | ||
| Sold | |||
| Apr 17, 2009 | Listed by Barrett, Chris. J., REALTORS® | $489,900 | |
| Listed by Barrett, Chris. J., REALTORS® | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/01/2026
|
3 Bed
|
2 Bath
|
2144 ft²
|
$889,900
3 Bed
2 Bath
2144 ft²
|
$1,030,000
+15.74%
05/13/2026
|
Kristin Weekley
Leading Edge Real Estate
| |
|
06/07/2018
|
3 Bed
|
3 Bath
|
2200 ft²
|
$574,500
3 Bed
3 Bath
2200 ft²
|
$610,000
+6.18%
07/20/2018
|
Hongmei Wang
HMW Real Estate, LLC
| |
|
04/17/2009
|
3 Bed
|
3 Bath
|
2200 ft²
|
$489,900
3 Bed
3 Bath
2200 ft²
|
$489,900
08/20/2009
|
Michael Barrett
Toohey & Barrett Assist 2 Selll
| |
|
04/10/2009
|
3 Bed
|
3 Bath
|
2200 ft²
|
$489,900
3 Bed
3 Bath
2200 ft²
|
$485,000
-1.00%
08/14/2009
|
Michael Barrett
Toohey & Barrett Assist 2 Selll
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017