1007 ARCOLA AVENUE
About This Property
The main level opens up from a bright, updated kitchen with stone backsplash and stainless appliances, through a dining area, into a living room built around a wood-burning fireplace. Hardwood floors run throughout, and a separate dining space off the kitchen leads straight out back, so grilling and hosting never feel separate. With football season coming, the layout does the work for you: living room for the game, kitchen close enough to keep the food moving, and a finished basement rec room downstairs that's ready for overflow seating on a big Sunday.
Upstairs, the primary suite is sized to actually relax in, with its own renovated ensuite bath. Three more bedrooms share a second full bath down the hall, so everyone gets their own space without competing for the sink.
The finished basement adds a fifth and sixth bedroom option, a full bath, and a utility room on top of that rec room, flexible enough for a home office, a gym, or a guest setup depending on what the year calls for.
Out back, a fully fenced yard backs to mature trees for privacy, with a storage shed that fits anything you don't want in the house and plenty of lawn left for a grill or a fire pit.
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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 |
|---|---|---|---|
| Sep 21, 2026 | In contract | - | |
| In contract | |||
| Sep 6, 2026 | Price Decreased |
$700,000
↓ $25K
(3.5%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$725,000
↓ $25K
(3.3%) | |
| Price Decreased | |||
| Aug 6, 2026 | Listed by LPT Realty, LLC | $750,000 | |
| Listed by LPT Realty, LLC | |||
| Jun 27, 2024 | Sold | ||
| Sold | |||
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About Kemp Mill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017