4 7th Avenue
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 |
|---|---|---|---|
| Apr 9, 2025 | Sold | ||
| Sold | |||
| Mar 6, 2025 | In contract | - | |
| In contract | |||
| Feb 15, 2025 | Price Decreased |
$1,899,900
↓ $50K
(2.6%) | |
| Price Decreased | |||
| Dec 22, 2024 | Listed by C21/ Solid Gold Realty | $1,950,000 | |
| Listed by C21/ Solid Gold Realty | |||
| | |||
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This absolutely magnificent ocean-block renovated beach house is just steps from the beach, offering unparalleled luxury and high-end finishes throughout. Situated on one lot, this property features two separate homes, making it perfect for a large family or an investor seeking exceptional rental income.
The main house boasts four bedrooms and 2.5 baths with a reverse living design. The first floor offers three spacious bedrooms, a family room, and a full bath. The second floor features a beautifully appointed kitchen with stainless steel appliances, Quartz countertops, full Quartz backsplash and hardwood floors throughout, as well as a dining room, master bedroom, laundry room, and a bright living room that opens to a balcony with stunning ocean views. The rear guest home includes two bedrooms, a full bath, and a living room.
This exceptional property generates approximately $140,000 in summer rental income, with additional winter rental income of approximately $25,000.
Situated just one house away from the ocean, this is a rare opportunity to own a one-of-a-kind property that combines a superior location, outstanding design, and incredible investment potential. Schedule your appointment today before it's gone!
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| Nov 22, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017