511 7th Street
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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 |
|---|---|---|---|
| Jun 7, 2024 | Sold | ||
| Sold | |||
| Apr 22, 2024 | In contract | - | |
| In contract | |||
| Mar 2, 2024 | No longer available | - | |
| No longer available | |||
| Mar 1, 2024 | Listed by Gulf Coast, Realtors | $49,000 | |
| Listed by Gulf Coast, Realtors | |||
| | |||
|
This lot is only a few blocks from the bay. Just minutes from several local restaurants and boat ramps. If you're looking for more than one lot there are several next to this one available at this time.
| |||
| Jan 5, 2024 | Price Decreased |
$49,000
↓ $6K
(10.9%) | |
| Price Decreased | |||
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Last Updated: 5 months ago
Data Source: HAR , MLS# 63058037
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017