7 Cross 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%.
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 |
|---|---|---|---|
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 25, 2018 | Sold | ||
| Sold | |||
| Jun 8, 2018 | Listed | $339,900 | |
| Listed | |||
| | |||
|
RECENT PRICE REDUCTION. Large Colonial with In-Law or Two family conversion potential. Wide pine floors throughout with a nice lot and within walking distance to many amenities. 1st floor has an updated kitchen and full bath with a soaking tub and separate shower stall. The 3 bedrooms are large with one having a half bath and another with double closets. Unit 2 has finished area on the second and third floors. The 2nd-floor kitchen is updated and has laundry hookups. Both full baths have been updated and the units have replacement windows. All this and a 1 car oversized garage. Property is currently listed as a single family with the Town and may need modification to convert back to a 2 Family. The manager has listed the unit size as 3428 square feet.
| |||
| Apr 4, 2018 | Listed by RE/MAX Partners | $339,900 | |
| Listed by RE/MAX Partners | |||
| Dec 16, 2003 | Sold | ||
| Sold | |||
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