1
Map
8650 Via Mallorca #A
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%.
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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 |
|---|---|---|---|
| Apr 27, 2015 | Sold | ||
| Sold | |||
| Nov 20, 2014 | Listed by Marc R. Perlman | $410,000 | |
| Listed by Marc R. Perlman | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/21/2018
|
2 Bed
|
2 Bath
|
971 ft²
|
$540,000
2 Bed
2 Bath
971 ft²
|
$535,000
-0.93%
08/10/2018
|
Michelle Oaker
Compass California III, Inc. dba Compass
| |
|
10/14/2016
|
2 Bed
|
2 Bath
|
978 ft²
|
$469,000
2 Bed
2 Bath
978 ft²
|
$449,000
-4.26%
12/12/2016
|
Whitney Peyser
Compass
| |
|
07/29/2016
|
2 Bed
|
2 Bath
|
978 ft²
|
$420,000
2 Bed
2 Bath
978 ft²
|
$420,000
09/30/2016
|
Andrew Pheasant
Coldwell Banker West
| |
|
11/20/2014
|
2 Bed
|
2 Bath
|
971 ft²
|
$410,000
2 Bed
2 Bath
971 ft²
|
$390,000
-4.88%
04/27/2015
|
Michelle Oaker
Compass California III, Inc. dba Compass
| |
|
04/18/2013
|
2 Bed
|
2 Bath
|
978 ft²
|
$370,000
2 Bed
2 Bath
978 ft²
|
$370,000
05/23/2013
|
Michelle Oaker
Compass California III, Inc. dba Compass
| |
|
01/09/2013
|
2 Bed
|
2 Bath
|
978 ft²
|
$315,000
2 Bed
2 Bath
978 ft²
|
$287,000
-8.89%
01/28/2013
|
Ray Biller
Berkshire Hathaway HomeServices California Properties
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017