8 Pinecrest Drive #8
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 |
|---|---|---|---|
| Jul 17, 2009 | Sold | ||
| Sold | |||
| Mar 5, 2009 | Listed by Century 21 Hometown Associates | $244,900 | |
| Listed by Century 21 Hometown Associates | |||
| Oct 28, 2005 | Sold | ||
| Sold | |||
| Jul 12, 2004 | Listed by Coldwell Banker Realty - Chicopee | $199,900 | |
| Listed by Coldwell Banker Realty - Chicopee | |||
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There are 10 of these and 16 of the smaller ranches. The prices range from $194,900 to $204,900 for these and $159,900 to $164,900 for the smaller ranches. We're taking reservation deposits in the order they are called in.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/05/2009
|
2 Bed
|
2 Bath
|
1211 ft²
|
$244,900
2 Bed
2 Bath
1211 ft²
|
$244,900
07/17/2009
|
Frances Brandt
Burger & Jarosz REALTORS®
| |
|
07/12/2004
|
2 Bed
|
2 Bath
|
1300 ft²
|
$199,900
2 Bed
2 Bath
1300 ft²
|
$219,900
+10.01%
10/28/2005
|
Raymond Authier
Realty World Authier
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017