87 Madison Ave. #2
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 |
|---|---|---|---|
| Jan 21, 2022 | Sold | ||
| Sold | |||
| Aug 23, 2021 | Listed by 360 Realty LLC | $539,900 | |
| Listed by 360 Realty LLC | |||
| | |||
|
New Construction: 3 new garden style condos. ( 2 left ) 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, 2 off street parking for building. Call for appointment
| |||
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