8460 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 |
|---|---|---|---|
| Jun 25, 2026 | No longer available | - | |
| No longer available | |||
| May 23, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Apr 19, 2026 | Price Decreased |
$309,000
↓ $16K
(4.9%) | |
| Price Decreased | |||
| Apr 3, 2026 | Price Decreased |
$325,000
↓ $14K
(4.1%) | |
| Price Decreased | |||
| Mar 23, 2026 | Price Decreased |
$339,000
↓ $10K
(2.9%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/24/2025
|
2 Bed
|
2 Bath
|
1805 ft²
|
$475,000
2 Bed
2 Bath
1805 ft²
|
-
-
|
Beth Wardlaw
Local Real Estate LLC
| |
|
07/07/2025
|
2 Bed
|
2 Bath
|
1805 ft²
|
$349,000
2 Bed
2 Bath
1805 ft²
|
-
-
|
Denise Chambre
Premier Sotheby's Int'l Realty
| |
|
05/06/2024
|
2 Bed
|
2 Bath
|
1589 ft²
|
$530,000
2 Bed
2 Bath
1589 ft²
|
$495,000
-6.60%
07/25/2024
|
Bob Ruderman
Sellstate Max Performance
|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017