85 Constitution Lane,#1a
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 29, 2005 | Sold | ||
| Sold | |||
| Jun 1, 2005 | Listed | $334,900 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/21/2021
|
Loft
|
-
|
629 ft²
|
$120,000
Loft
-
629 ft²
|
$50,000
-58.33%
02/28/2022
|
Timothy Barry
Barry Realty Group, LLC
| |
|
06/27/2016
|
Loft
|
-
|
629 ft²
|
$82,500
Loft
-
629 ft²
|
$75,000
-9.09%
06/07/2017
|
Timothy Barry
Barry Realty Group, LLC
| |
|
09/24/2011
|
Loft
|
-
|
-
|
$93,900
Loft
-
|
$90,600
-3.51%
08/31/2012
|
Kerry Cheever
Cheever Associates
| |
|
01/10/2010
|
Loft
|
-
|
629 ft²
|
$115,000
Loft
-
629 ft²
|
-
-
|
William Clark
The Clark Company
| |
|
09/15/2008
| |
Loft
|
1 Bath
|
687 ft²
|
$94,000
Loft
1 Bath
687 ft²
|
$90,500
-3.72%
06/12/2009
|
Joanne McGinn
Century 21 Tradition
|
|
06/01/2005
| |
Loft
|
2 Bath
|
1835 ft²
|
$334,900
Loft
2 Bath
1835 ft²
|
$290,000
-13.41%
11/29/2005
|
Mary Jo Milano
Century 21 North East
|
Building Info
- 1 Unit for Sale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017