7 1st St
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%.
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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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| May 16, 2024 | Listed by William Raveis R.E. & Home Services | $825,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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Right outside the hustle and bustle of downtown on a desirable side street near the Common, this charming colonial is within .5 miles of all Melrose has to offer and is ready for its next loving owner. The first floor has a welcoming flow w/ a front to back living room, open kitchen/dining area, a full bath, and a sunny 4 season porch with direct access to the fully fenced in yard. Upstairs there are three bedrooms, a full bath, and pull-down access to the attic with generous extra storage. The partially finished basement offers a comfortable flex space for home office or family room. Many recent and significant updates include 200-amp electrical, custom wood paneled radiator covers throughout, updated LG Fridge and W/D, and "FULL DELEADING COMPLIANT" status! The location can’t be beat, especially for commuters, with close proximity to Rt. 1 and the Wyoming commuter rail. There are many shops and restaurants to try, and lifelong friends to make in this special neighborhood.
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| Jun 15, 2021 | Sold | ||
| Sold | |||
| Apr 14, 2021 | Listed by William Raveis R.E. & Home Services | $667,500 | |
| Listed by William Raveis R.E. & Home Services | |||
| Jun 4, 1997 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017