7 Collins Way
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 |
|---|---|---|---|
| Sep 15, 2025 | Sold | ||
| Sold | |||
| Sep 2, 2025 | In contract | - | |
| In contract | |||
| Apr 21, 2025 | Listed by Listwithfreedom.com | $895,000 | |
| Listed by Listwithfreedom.com | |||
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Escape to the beach! This light-filled beach house is just what you need to let go and relax. Only steps away from the ocean and minutes to local island eateries. This beach cottage has been renovated and updated, including a stunning outdoor shower. The downstairs has one guest bedroom, dining area, kitchen and game-watching hang-out, while the upstairs has a second living room and master bedroom with spectacular views of the morning sunrise and ocean.
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| Jul 22, 2019 | Sold | ||
| Sold | |||
| Oct 11, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017