207 Summit Drive
About This Property
Beautiful, uniquely designed custom home, 2622 sq/ft, 3 bed-3 bath, office/study, sunroom, and 3 car garage with workshop. The oversized yard is watered by extensive irrigation system. New roof in 2023. Split floorplan, with separate primary and private guest/children's wings. Large family room with gas fireplace and custom built cabinetry. Kitchen with island, walk-in pantry, custom wood cabinets, bar, adjacent breakfast area with large windows overlooking the professionally designed landscape. Formal dining room with recessed ceiling. Relaxing sunroom with French doors. Utility room with counter, sink, cabinets and space for refrigerator and upright freezer in addition to washer/dryer. Custom office with wood floor, skylight, and ample cabinets. Extra wide crown molding and baseboards throughout.
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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 |
|---|---|---|---|
| Jun 11, 2024 | Sold | ||
| Sold | |||
| May 3, 2024 | In contract | - | |
| In contract | |||
| Apr 30, 2024 | Price Decreased |
$559,000
↓ $36K
(6.1%) | |
| Price Decreased | |||
| Apr 9, 2024 | Price Decreased |
$595,000
↓ $20K
(3.3%) | |
| Price Decreased | |||
| Mar 14, 2024 | Price Decreased |
$615,000
↓ $50K
(7.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017