122 E 7th Street
About This Property
Outside is has a large sitting area with an outdoor fireplace for entertaining or just enjoying morning coffee or relaxing evenings. The board-on-board fenced backyard offers privacy, and with the gated entry adds security. Plenty of room to roam and play.
Need extra space or income potential? You've got an efficiency apartment above the garage with a separate entrance-perfect for guests, extended family, or rental income. The garage is insulated, heated, and cooled, and there are additional outdoor buildings for storage, hobbies, or projects.
The seller is offering $10,000 for the buyer to use toward closing costs, updates, or however they choose.
Historic. Functional. Room to breathe. This one's got personality and options- lots of potential here.
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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 |
|---|---|---|---|
| Feb 26, 2026 | Sold | ||
| Sold | |||
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Dec 17, 2025 | Listed by City Real Estate | $337,000 | |
| Listed by City Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017