848 Palmer Road #3D
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 |
|---|---|---|---|
| Aug 24, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 18, 2023 | In contract | - | |
| In contract | |||
| May 21, 2023 | Listed by Coldwell Banker Realty | $299,000 | |
| Listed by Coldwell Banker Realty | |||
| Aug 28, 2021 | Sold | ||
| Sold | |||
| Mar 26, 2021 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/21/2023
|
1 Bed
|
1 Bath
|
-
|
$299,000
1 Bed
1 Bath
|
-
-
|
Sonia Forchetti
Coldwell Banker Res Brokerage
| |
|
10/21/2022
|
2 Bed
|
1 Bath
|
-
|
$325,000
2 Bed
1 Bath
|
$312,500
-3.85%
01/24/2023
|
Francine Flynn
Patricia Forgione's Realty
| |
|
03/03/2021
|
1 Bed
|
1 Bath
|
-
|
$259,000
1 Bed
1 Bath
|
$247,500
-4.44%
08/28/2021
|
Angel C. Colon
RE/MAX In the City
| |
|
11/06/2020
|
2 Bed
|
1 Bath
|
-
|
$295,000
2 Bed
1 Bath
|
$290,000
-1.69%
02/16/2021
|
Leanne Pantoliano
Compass Greater NY, LLC
| |
|
08/18/2020
|
2 Bed
|
1 Bath
|
1100 ft²
|
$265,000
2 Bed
1 Bath
1100 ft²
|
$265,000
04/21/2021
|
Kimberly Giarraputo
Weichert Realtors
| |
|
04/04/2017
|
1 Bed
|
1 Bath
|
800 ft²
|
$160,000
1 Bed
1 Bath
800 ft²
|
$153,000
-4.38%
09/15/2017
|
Michelle Sysak
Sysak Sells LLC
| |
|
04/26/2016
|
2 Bed
|
1 Bath
|
1000 ft²
|
$235,000
2 Bed
1 Bath
1000 ft²
|
$230,000
-2.13%
03/30/2017
|
Sarah French
Houlihan Lawrence Inc.
| |
|
02/06/2015
|
1 Bed
|
1 Bath
|
850 ft²
|
$225,000
1 Bed
1 Bath
850 ft²
|
$205,000
-8.89%
07/09/2015
|
Gina DiLeo
Coldwell Banker Res Brokerage
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017