8508 45th Place #1C
About This Property
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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, 2023 | Sold | ||
| Sold | |||
| Sep 7, 2023 | Listed by Vylla Home | $143,900 | |
| Listed by Vylla Home | |||
| | |||
|
Great opportunity on this newly renovated 2brm 1 ba condo. Conveniently located near shopping, restaurants, expressways, and the main intersection. Snuggled into a residential area. Two Exterior deeded parking spaces are included. New stainless steel appliances included. Quartz kitchen countertops. The bathroom has been updated with a new toilet, vanity, lights, and bathtub. Nothing to do but move in a make it your home. Nicely remodeled kitchen. The units are rentable. HOA includes heat, water, gas, exterior maintenance, and snow removal. Sought after residential area. Close to interstate and major intersections.
| |||
| Jun 21, 2023 | Sold | ||
| Sold | |||
| Mar 16, 2023 | Listed by Vylla Home | $95,000 | |
| Listed by Vylla Home | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/16/2023
|
2 Bed
|
1 Bath
|
-
|
$95,000
2 Bed
1 Bath
|
$86,000
-9.47%
06/23/2023
|
Mitzi Ekekhor
Vylla Home
| |
|
09/14/2019
|
2 Bed
|
1 Bath
|
900 ft²
|
$114,900
2 Bed
1 Bath
900 ft²
|
-
-
|
-
| |
|
10/22/2007
|
2 Bed
|
1 Bath
|
-
|
$110,000
2 Bed
1 Bath
|
$101,000
-8.18%
11/14/2008
|
Lajuana Warren
Baird & Warner
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017