501-505 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 |
|---|---|---|---|
| Aug 10, 2022 | No longer available | - | |
| No longer available | |||
| May 25, 2022 | No longer available | - | |
| No longer available | |||
| May 6, 2022 | Listed by Berkshire Hathaway HomeServices Fox & Roach | $849,000 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach | |||
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Approved three lot subdivision with lake views in North Belmar. 50 x 100 foot properties are ready for your dream home in the ''sweet spot'' between the beach and downtown and just steps away from Silver Lake. The plans include a rear lane.
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| Mar 28, 2022 | Sold | ||
| Sold | |||
| Mar 31, 2021 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Spring Lake | $819,000 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Spring Lake | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017