87 Madison Ave #1
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%.
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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 |
|---|---|---|---|
| Oct 31, 2023 | Sold | ||
| Sold | |||
| Sep 28, 2023 | In contract | - | |
| In contract | |||
| Sep 13, 2023 | Listed by Engel & Volkers Boston | $559,900 | |
| Listed by Engel & Volkers Boston | |||
| Jan 28, 2022 | Sold | ||
| Sold | |||
| Nov 29, 2021 | Listed by Engel & Volkers Boston | $539,900 | |
| Listed by Engel & Volkers Boston | |||
| | |||
|
"LAST UNIT" *HANDICAP ACCESSIBLE (with outside chair lift) *NEW CONSTRUCTION 3 new garden style condos. Roughly 1083 square feet, 3 bedrooms, 2 full baths. Stainless steel Bosch appliances, Mitsubishi in ceiling ductless mini split, instant hot water, big storage area in basement, intercom access, off street parking for building. Builder is willing to work with anyone needing more handicap equipment. *Budget subject to change *Call for appointment. *NO OPEN HOUSE SCHEDULED.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/12/2026
|
3 Bed
|
2 Bath
|
1100 ft²
|
$674,900
3 Bed
2 Bath
1100 ft²
|
$647,500
-4.06%
07/09/2026
|
Jonathan DaSilva
Tutto Properties, LLC
| |
|
09/13/2023
|
3 Bed
|
2 Bath
|
1083 ft²
|
$559,900
3 Bed
2 Bath
1083 ft²
|
$550,000
-1.77%
10/31/2023
|
Andrew DaSilva
Popular Properties Realty,Inc.
| |
|
09/12/2023
| |
3 Bed
|
2 Bath
|
1083 ft²
|
$559,900
3 Bed
2 Bath
1083 ft²
|
$550,000
-1.77%
10/31/2023
|
Andrew DaSilva
Engel & Volkers Boston
|
|
11/29/2021
|
3 Bed
|
2 Bath
|
1083 ft²
|
$539,900
3 Bed
2 Bath
1083 ft²
|
$525,000
-2.76%
01/28/2022
|
Andrew DaSilva
Popular Properties Realty,Inc.
| |
|
08/23/2021
|
3 Bed
|
2 Bath
|
1083 ft²
|
$539,900
3 Bed
2 Bath
1083 ft²
|
$535,000
-0.91%
01/21/2022
|
Rajit Shrestha
360 Realty LLC
| |
|
03/24/2021
|
3 Bed
|
2 Bath
|
1083 ft²
|
$559,900
3 Bed
2 Bath
1083 ft²
|
$555,000
-0.88%
03/03/2022
|
Cudmore and Associates
RE/MAX On the River, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017