7 Cherry Street #7
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 |
|---|---|---|---|
| Mar 21, 2003 | Sold | ||
| Sold | |||
| Jan 22, 2003 | Listed by Royal Realty, Inc. | $158,000 | |
| Listed by Royal Realty, Inc. | |||
| May 10, 2002 | Sold | ||
| Sold | |||
| Apr 4, 2002 | Listed by LAER Realty Partners | $136,500 | |
| Listed by LAER Realty Partners | |||
| | |||
|
SHERMAN OAKES 2 BEDROOM, 1.5 BATH. CLOSE TO HIGHWAY (495), CENTRAL AIR, SMALL 10 UNIT COMPLEX.
| |||
| Nov 13, 2000 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/22/2003
|
Loft
|
2 Bath
|
900 ft²
|
$158,000
Loft
2 Bath
900 ft²
|
$151,000
-4.43%
03/21/2003
|
George Habib
Royal Realty, Inc.
| |
|
04/04/2002
|
Loft
|
2 Bath
|
805 ft²
|
$136,500
Loft
2 Bath
805 ft²
|
$134,000
-1.83%
05/10/2002
|
Paul Cote
LAER Realty Partners
| |
|
09/05/2000
|
Loft
|
2 Bath
|
900 ft²
|
$99,900
Loft
2 Bath
900 ft²
|
$98,000
-1.90%
11/13/2000
|
Paul Cote
LAER Realty Partners
| |
|
02/06/1997
|
Loft
|
2 Bath
|
805 ft²
|
$44,900
Loft
2 Bath
805 ft²
|
$42,000
-6.46%
04/30/1997
|
Vanessa Nysten
Keller Williams - Nashua
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017