3691 7TH AVE
About This Property
Inside, discover a expansive kitchen with a gas stove and abundant counter space, a large living room with the option to convert to a potential third bedroom, a primary bedroom with en suite bathroom, a second bedroom, and an upgraded hall bathroom. Additional features include a coat closet, utility room and office space near the laundry area.
Recent upgrades include a 2024 replacement of the asphalt roof, hall bathroom, hot tub, and fresh paint throughout most of the home. The back rubber roof was done in the last 6 years.
Experience the ultimate waterfront lifestyle in Selby On The Bay – the neighborhood offers a community clubhouse with iconic water views, beach, boat ramp, pier, kayak storage, playground, basketball court, and ample common space. Conveniently located near Beverly Triton Beach Nature Park, the Smithsonian Environmental Research Center & Wildlife Areas, Historic London Town & Gardens, convenience stores, farmers market, waterfront dining, marinas, and more.
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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 |
|---|---|---|---|
| Aug 12, 2024 | Sold | ||
| Sold | |||
| Jul 13, 2024 | In contract | - | |
| In contract | |||
| Jul 1, 2024 | Price Decreased |
$435,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Jun 6, 2024 | Listed by TTR Sotheby's International Realty | $439,900 | |
| Listed by TTR Sotheby's International Realty | |||
| Sep 29, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017