223 7th Avenue
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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%.
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 |
|---|---|---|---|
| Jul 27, 2017 | Sold | ||
| Sold | |||
| Jun 27, 2017 | Listed by Keller Williams Shore Properties | $735,000 | |
| Listed by Keller Williams Shore Properties | |||
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ORTLEY BEACH - SPECTACULAR CUSTOM BUILT HOME WITH OVER 3300 SQUARE FEET OF INTERIOR SPACE AND ABUNDANT OUTSIDE SPACE ON ALL 4 LEVELS OF THIS BEAUTIFUL CORNER LOT. HOME FEATURES 9' CEILINGS ON THE FIRST FLOOR, MASTER BEDROOM SUITES ON THE FIRST AND SECOND FLOOR, AND A 33' x 16' GREAT ROOM ON THE TOP FLOOR WHICH WILL ACCOMMODATE OVERFLOW SLEEPING QUARTERS FOR GUESTS AND DOUBLE AS AN ENTERTAINMENT ROOM. PAVERED REAR PATIO SPANS 28' X 25' AND FRONT/REAR DECKS ARE SIZABLE AT 27' X 9', 27' x 6' AND 26' X 5' AND ARE ACCESSIBLE FROM 4 OF THE BEDROOMS. THE GROUND FLOOR HAS A TWO CAR GARAGE WHICH IS COMPLETELY SHEETROCKED ALONG WITH A 15' x 14' STORAGE ROOM FOR PATIO FURNITURE. FRENCH DOORS LEAD FROM THE INTERIOR TO THE EXPANSIVE PAVERED PATIO WHICH IS COVERED ABOVE PROVIDING SHADE AND COVER.
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| Mar 19, 2015 | Sold | ||
| Sold | |||
| Oct 26, 2013 | Listed by Triton Realty Services | $269,000 | |
| Listed by Triton Realty Services | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017