964 Arapahoe Ave #3
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 |
|---|---|---|---|
| Dec 15, 2022 | Sold | ||
| Sold | |||
| Oct 25, 2022 | Listed by Michael M Lane | $830,000 | |
| Listed by Michael M Lane | |||
| Jan 15, 2020 | No longer available | - | |
| No longer available | |||
| Oct 18, 2019 | Price Increased |
$824,999
↑ $99
(0%) | |
| Price Increased | |||
| Sep 25, 2019 | Listed | $824,900 | |
| Listed | |||
| | |||
|
Turn-Key investor opportunity rented through Aug '20. HOA includes everything: Flood Insurance (lender required, $1000 annual savings), studs-out property insurance, heat, water, trash, recycling, snow remove, landscaping, & all exterior maintenance. Current 4.6% cap rate; 5% with anticipated rents. Renovations include stainless appliances, maple cabinets, bamboo floors, new tile in baths and a gas fireplace. Tenants love the giant wrap around deck and mountain views! RH-2, Legal for 4 unrelated The manager has listed the unit size as 1189 square feet.
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/25/2022
|
4 Bed
|
2 Bath
|
-
|
$830,000
4 Bed
2 Bath
|
$790,000
-4.82%
12/15/2022
|
Michael Lane
Michael M Lane
| |
|
09/25/2019
|
4 Bed
|
-
|
1189 ft²
|
$824,900
4 Bed
-
1189 ft²
|
-
-
|
-
| |
|
03/23/2018
|
3 Bed
|
2 Bath
|
979 ft²
|
$669,900
3 Bed
2 Bath
979 ft²
|
$685,000
+2.25%
06/04/2018
|
Matt Ladwig
WK Real Estate
| |
|
06/25/2015
|
2 Bed
|
1 Bath
|
734 ft²
|
$389,000
2 Bed
1 Bath
734 ft²
|
$384,500
-1.16%
08/03/2015
|
Karolyn Merrill
RE/MAX of Boulder
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017