8401 Southbridge Drive #2
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 |
|---|---|---|---|
| Nov 3, 2026 | No longer available | - | |
| No longer available | |||
| Oct 16, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Mar 27, 2026 | Price Decreased |
$324,950
↓ $23K
(6.6%) | |
| Price Decreased | |||
| Jan 3, 2026 | Price Decreased |
$347,999
↓ $27K
(7.2%) | |
| Price Decreased | |||
| Dec 4, 2025 | Listed by Downing Frye Realty Inc. | $374,900 | |
| Listed by Downing Frye Realty Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/04/2025
|
3 Bed
|
2 Bath
|
1805 ft²
|
$374,900
3 Bed
2 Bath
1805 ft²
|
-
-
|
Jamie Rossi
Downing Frye Realty Inc.
| |
|
09/28/2024
|
3 Bed
|
2 Bath
|
1805 ft²
|
$479,000
3 Bed
2 Bath
1805 ft²
|
-
-
|
Bob Ruderman
Sellstate Max Performance
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017