7 Fairmount 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 |
|---|---|---|---|
| Nov 3, 2018 | No longer available | - | |
| No longer available | |||
| Oct 17, 2017 | Listed | $699,000 | |
| Listed | |||
| | |||
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Step inside this exquisite home and instantly you’ll be struck by the sheer grandeur of the property. Soaring ceilings, intricate moldings and gorgeous wood craftmanship take you back to the days of lavish banquets and Gatsby-like soirees. Luckily the owner understands that buyers in the year 2018 want all that PLUS a state-of-the-art electrical system, a top-of-the line chef’s kitchen with cherry cabinets, stainless steel appliances, lots of granite counter space, updated pvc plumbing, working fireplaces, 2nd flr laundry, updated bathrooms and no wallpaper!! All of that has been done for today’s busy buyers. Plus the entire third floor has been renovated and if you don’t need the top floor space (3 bedrooms plus walk-in attic) it has electric baseboard heating that can be turned off in the winter. Enjoy the level corner lot, circular driveway, 2-car detached garage and all that Belvidere has to offer! This is your chance to own a historic home of splendor. The manager has listed the unit size as 5333 square feet.
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| Dec 17, 2003 | Sold | ||
| Sold | |||
| Oct 12, 2003 | Listed by First Team Realty, LLC | $625,000 | |
| Listed by First Team Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017