7 Academy Rd
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Feb 11, 2022 | Sold | ||
| Sold | |||
| Nov 17, 2021 | Listed by Property Partners Real Estate LLC | $1,795,000 | |
| Listed by Property Partners Real Estate LLC | |||
| | |||
|
Referred to as 'Grove Hill' this nearly 4 acre estate lot offers privacy while being located in Historic Sandwich Village. The 2,798 square foot 3 bedroom 2-1/2 bath home has an attached 3 bay garage with 1,000 square foot unfinished bonus room above with 18-1/2 foot cathedral ceiling. There is currently a building permit for a one bedroom accessory guest house and a second primary dwelling on the property. The grounds are nicely landscaped with a variety of plantings in addition to the native black locust, honey locust, and Norway Maples. Greeting you on the way to the main house is the original ticket booth from the Dexter Grist Mill built in 1959. Other outdoor features include a brick farmers porch in front, a large brick patio in the rear yard, a 9' diameter hand carved granite fire pit and an illuminated remote seating area. A brick wood burning fireplace is centrally located in the open concept first floor. First floor laundry, mud room, pantry, and Primary bedroom suite.
| |||
| Nov 9, 2020 | Sold | ||
| Sold | |||
| Sep 30, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017