12 7th Street
About This Property
The exterior features custom-built wood shutters, along with newer windows, roof, and siding, giving it a fresh and inviting appearance.
Step inside to find a warm living room with a wood fireplace, wood floors, and a ceiling fan.
The updated kitchen, part of an addition, boasts dual-tone cabinets, stone countertops, stainless steel appliances, a large farmhouse sink, a brand-new stove, and a shiplap ceiling with a brick accent wall. It opens to a bright and airy dining room/ bonus room with french doors leading to a spacious deck and fenced backyard. The home includes three generously sized bedrooms, each equipped with ceiling fan, while the primary bedroom offers convenient sliders to the backyard. Both full bathrooms have been recently updated, and there's an unfinished basement providing additional potential.
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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 |
|---|---|---|---|
| Jan 15, 2025 | Sold | ||
| Sold | |||
| Nov 14, 2024 | In contract | - | |
| In contract | |||
| Oct 24, 2024 | Listed by C21 Thomson & Co. | $649,900 | |
| Listed by C21 Thomson & Co. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017