985 Constitution Boulevard #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%.
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 |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| Jul 31, 2024 | In contract | - | |
| In contract | |||
| Jul 11, 2024 | Listed by Crossroads Realty Inc-WH | $129,900 | |
| Listed by Crossroads Realty Inc-WH | |||
| Mar 14, 2023 | No longer available | - | |
| No longer available | |||
| Jan 20, 2023 | Price Decreased |
$89,500
↓ $4K
(4.7%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/11/2024
|
2 Bed
|
1 Bath
|
-
|
$129,900
2 Bed
1 Bath
|
$129,900
08/29/2024
|
Noreen Lynch
Crossroads Realty Inc-WH
| |
|
08/22/2022
|
2 Bed
|
1 Bath
|
-
|
$84,900
2 Bed
1 Bath
|
$83,000
-2.24%
10/14/2022
|
Noreen Lynch
Crossroads Realty Inc-WH
| |
|
03/10/2021
|
Loft
|
1 Bath
|
-
|
$66,000
Loft
1 Bath
|
$64,000
-3.03%
04/28/2021
|
Suzanne Petrini
Porter Plus Realty
| |
|
10/10/2016
|
Loft
|
1 Bath
|
-
|
$49,000
Loft
1 Bath
|
$46,000
-6.12%
12/13/2016
|
Susan Griffin
RE/MAX New Beginnings Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017