7 Fairmount Ave
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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 |
|---|---|---|---|
| Jul 17, 2023 | Sold | ||
| Sold | |||
| Jun 26, 2023 | In contract | - | |
| In contract | |||
| Jun 16, 2023 | In contract | - | |
| In contract | |||
| May 17, 2023 | Listed by Prominent Properties Sotheby's International Realty-Hoboken | $1,250,000 | |
| Listed by Prominent Properties Sotheby's International Realty-Hoboken | |||
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Welcome to 7 Fairmount Ave, a hidden gem nestled in Upper Montclair, just steps away from Brookdale Park and NYC transportation! This stunning Tudor home has been beautifully renovated, offering a perfect blend of modern luxury and classic charm. Prepare to be captivated by the meticulously designed interior, boasting high ceilings, European Spanish tiles, and custom closets throughout. Indulge in a spa-like experience in the primary bathroom, complete with radiant floors, European vanities, luxury light fixtures, and WiFi speakers. The living room is enhanced by a gas fireplace, providing both warmth and ambiance. With new plumbing, electrical, and 2-zone central air/heat, your comfort is guaranteed year-round. Every detail has been thoughtfully chosen to create a contemporary atmosphere while preserving the home's original character.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017