1969 NE 7th PLACE
About This Property
Nestled in an established neighborhood, this brick home is a true gem. With a perfect blend of comfort and space, this residence offers a warm and inviting atmosphere for its new owners. As you step inside your home, you'll be greeted by the cozy embrace of a living space adorned with a classic wood burning brick fireplace, creating a focal point that exudes both warmth and character. Step into another open room that is adjacent, but can be closed off with the sliders to make 2 living areas. The large windows in both rooms flood the space the with an abundance of natural light. Your big open kitchen allows for several chefs and guests while entertaining. And just down the hall are 2 guest bedrooms and a bathroom, and a master bedroom with walk in closet and another bathroom. This inviting home is move-in ready and is a great bang for your buck at this price per square foot. And have peace of mind with a new AC and water heater in 2021, electric panel in 2019, and roof in 2011. There is no HOA. Memories are ready to be made in this home with plenty of space inside for everyone, and a spacious fenced in backyard for outdoor fun. NE 7th is a loop with minimal traffic. (Dates are per city permit records and owner. Measurements are estimates, buyer to verify.)
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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 1, 2024 | Sold | ||
| Sold | |||
| Dec 23, 2023 | In contract | - | |
| In contract | |||
| Dec 16, 2023 | Price Decreased |
$300,000
↓ $17K
(5.4%) | |
| Price Decreased | |||
| Nov 18, 2023 | Price Decreased |
$317,000
↓ $8K
(2.5%) | |
| Price Decreased | |||
| Oct 23, 2023 | Listed by KELLER WILLIAMS CORNERSTONE RE | $325,000 | |
| Listed by KELLER WILLIAMS CORNERSTONE RE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017