8461 Southbridge Drive #3
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 |
|---|---|---|---|
| Jan 30, 2025 | Sold | ||
| Sold | |||
| Dec 31, 2024 | In contract | - | |
| In contract | |||
| Dec 31, 2024 | Price Decreased |
$399,000
↓ $26K
(6.1%) | |
| Price Decreased | |||
| Oct 16, 2024 | Listed by Douglas Elliman Florida,LLC | $425,000 | |
| Listed by Douglas Elliman Florida,LLC | |||
| Sep 14, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/27/2026
|
2 Bed
|
2 Bath
|
1589 ft²
|
$314,700
2 Bed
2 Bath
1589 ft²
|
-
-
|
Beth Wardlaw
Local Real Estate LLC
| |
|
01/20/2025
|
2 Bed
|
2 Bath
|
1711 ft²
|
$389,900
2 Bed
2 Bath
1711 ft²
|
-
-
|
Libby Fekette
Royal Shell Real Estate, Inc
| |
|
05/07/2024
|
2 Bed
|
2 Bath
|
1805 ft²
|
$445,000
2 Bed
2 Bath
1805 ft²
|
-
-
|
Brittany Skotak
Downing Frye Realty Inc.
| |
|
04/19/2024
|
2 Bed
|
2 Bath
|
1711 ft²
|
$399,900
2 Bed
2 Bath
1711 ft²
|
-
-
|
Beth Wardlaw
Local Real Estate LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017