7 Forest Avenue
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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%.
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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 26, 2024 | Sold | ||
| Sold | |||
| Aug 1, 2024 | In contract | - | |
| In contract | |||
| Jul 2, 2024 | In contract | - | |
| In contract | |||
| Jun 11, 2024 | Listed by Greenan Properties RE Agency | $524,922 | |
| Listed by Greenan Properties RE Agency | |||
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Custom-built and lovingly maintained by the original owners. This is your opportunity to own a sprawling 2,782 sq foot single-level Ranch home with 4 bedrooms + an office, and 3.5 bathrooms on a park-like lot just under half an acre. On the exterior, this home features a covered front porch, large private yard, inground pool, patio, and a spacious brick courtyard for your outdoor enjoyment. Inside you will love the large entry hall with a half bath, bright living room with a bay of windows, dining room with built-ins, home office with walk-in closet, large primary suite with another walk-in closet, luxurious bathroom with sunken tub, standing shower, and sliding doors leading to the courtyard, kitchen with ample cabinetry, pantry, laundry, and eating area overlooking the family room, plus a Dutch door that leads to the brick courtyard and pool. Cozy family room with a brick fireplace, built ins and beamed ceilings, three additional bedrooms, another with its own full bathroom, plus a third hall bathroom. Additional Amenities: 2-car attached garage, full unfinished basement, central air, beautiful oak hardwood floors, new pool filter, many new windows, solid wood doors, mature trees, quiet street in an established neighborhood. Located just minutes from Route 9 and the train station, this home is convenient to shops, pubs, and restaurants. Schedule your tour today!
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About Fairview
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$6,200 /mo
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$2,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017