307 Cherry Avenue #6
About This Property
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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 |
|---|---|---|---|
| Jan 14, 2026 | Sold | ||
| Sold | |||
| Dec 9, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Listed by Seven Gables Real Estate | $339,000 | |
| Listed by Seven Gables Real Estate | |||
| Oct 21, 2025 | Price Decreased |
$375,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Oct 10, 2025 | Price Decreased |
$385,000
↓ $15K
(3.8%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/20/2025
|
1 Bed
|
1 Bath
|
712 ft²
|
$339,000
1 Bed
1 Bath
712 ft²
|
$342,000
+0.88%
01/14/2026
|
Vivan Ainis
Seven Gables Real Estate
| |
|
09/26/2023
|
1 Bed
|
1 Bath
|
715 ft²
|
$437,500
1 Bed
1 Bath
715 ft²
|
-
-
|
Karin McGinley
Berkshire Hathaway H.S.C.P.
| |
|
03/30/2023
|
1 Bed
|
1 Bath
|
755 ft²
|
$415,000
1 Bed
1 Bath
755 ft²
|
-
-
|
Lynzee Fujimoto
Realty One Group United
|
Building Info
About Franklin School
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017