8850 Olive Ln #7
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 |
|---|---|---|---|
| Sep 13, 2026 | Price Decreased |
$615,000
↓ $20K
(3.2%) | |
| Price Decreased | |||
| Sep 1, 2026 | Price Decreased |
$635,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Aug 10, 2026 | Price Decreased |
$650,000
↓ $20K
(3%) | |
| Price Decreased | |||
| Jul 11, 2026 | Price Decreased |
$670,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Jun 10, 2026 | Price Decreased |
$680,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/03/2024
|
3 Bed
|
3 Bath
|
1302 ft²
|
$699,900
3 Bed
3 Bath
1302 ft²
|
-
-
|
Jeff Hinds
Compass
| |
|
05/17/2024
|
4 Bed
|
3 Bath
|
1302 ft²
|
$649,000
4 Bed
3 Bath
1302 ft²
|
$660,000
+1.69%
07/24/2024
|
Justin Shokoor
eXp Realty of California Inc
| |
|
01/05/2023
|
3 Bed
|
3 Bath
|
1302 ft²
|
$619,900
3 Bed
3 Bath
1302 ft²
|
-
-
|
Gregg Phillipson
Keller Williams Realty
| |
|
11/12/2021
|
3 Bed
|
3 Bath
|
1302 ft²
|
$599,900
3 Bed
3 Bath
1302 ft²
|
-
-
|
Shaun Mcdonald
Redfin Corporation
| |
|
11/11/2021
|
3 Bed
|
3 Bath
|
1302 ft²
|
$549,900
3 Bed
3 Bath
1302 ft²
|
$578,000
+5.11%
01/07/2022
|
Bradley Ihms
eXp Realty of California Inc
| |
|
01/01/2019
|
4 Bed
|
3 Bath
|
1306 ft²
|
$487,990
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
04/12/2019
|
3 Bed
|
3 Bath
|
1306 ft²
|
$469,990
3 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
03/01/2019
|
3 Bed
|
3 Bath
|
1306 ft²
|
$484,990
3 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
09/07/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
-
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
08/17/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
-
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
01/04/2019
|
4 Bed
|
3 Bath
|
1306 ft²
|
$478,990
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
10/05/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
$459,990
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
07/20/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
-
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
07/06/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
$474,990
4 Bed
3 Bath
1306 ft²
|
$483,355
+1.76%
05/14/2019
|
Catherine Nicholas
CADO Real Estate Group
| |
|
05/09/2018
| |
4 Bed
|
3 Bath
|
1306 ft²
|
$474,990
4 Bed
3 Bath
1306 ft²
|
$476,000
+0.21%
04/12/2019
|
Catherine Nicholas
|
|
05/09/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
-
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
04/02/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
$474,990
4 Bed
3 Bath
1306 ft²
|
$475,840
+0.18%
04/12/2019
|
Catherine Nicholas
CADO Real Estate Group
| |
|
04/02/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
$464,990
4 Bed
3 Bath
1306 ft²
|
$468,175
+0.68%
04/12/2019
|
Catherine Nicholas
CADO Real Estate Group
| |
|
09/27/2017
|
4 Bed
|
3 Bath
|
1298 ft²
|
$466,990
4 Bed
3 Bath
1298 ft²
|
$469,990
+0.64%
05/03/2019
|
Catherine Nicholas
CADO Real Estate Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017