8 Spring Meadow Lane #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 |
|---|---|---|---|
| Mar 19, 2025 | Sold | ||
| Sold | |||
| Jan 18, 2025 | In contract | - | |
| In contract | |||
| Jan 4, 2025 | Listed by Houlihan Lawrence Inc. | $379,900 | |
| 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 |
|---|---|---|---|---|---|---|---|
|
01/04/2025
|
2 Bed
|
2 Bath
|
1258 ft²
|
$379,900
2 Bed
2 Bath
1258 ft²
|
$405,000
+6.61%
03/19/2025
|
Raymond C. Magnani
Houlihan Lawrence Inc.
| |
|
07/20/2020
| |
1 Bed
|
2 Bath
|
-
|
$288,000
1 Bed
2 Bath
|
$282,000
-2.08%
10/21/2020
|
Mary Worstell
Howard Hanna Rand Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017