317 7TH AVE
About This Property
Come with a vision and dream and make it come to life! This is not one for the amateurs, this is a major rebab project. The property has three additional lots attached in the back of it. The home is currently set up as a quad, but you would need to check with the township on the actual legal set up of the property. This is a large home with many possibilities. There are currently six bedrooms and four bathrooms. Agent & buyers must sign the hold harmless before being allowed to show the property. Do not enter the property without a signed hold harmless.
The property has many issues, mold throughout the property and weak floors, do not enter the room upstairs that is boarded off, the floor is very unstable. The property is sold as-is, all inspections, certifications and required repairs are the responsibility of the buyer.
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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 |
|---|---|---|---|
| Feb 15, 2024 | Sold | ||
| Sold | |||
| Jan 29, 2024 | In contract | - | |
| In contract | |||
| Jan 22, 2024 | Relisted | $99,950 | |
| Relisted | |||
| Dec 28, 2023 | In contract | - | |
| In contract | |||
| Dec 16, 2023 | Relisted | $99,950 | |
| Relisted | |||
Property Highlights
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About Clayton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017