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7 Forest Circle
About This Property
As you enter the house, a dramatic center hall welcomes you with a sweeping staircase crowned by a breathtaking Tiffany-style stained glass dome. Elegant, formal rooms flow seamlessly for both everyday living and large-scale entertaining, including a sun-drenched living room with fireplace and adjoining window-lined sunroom, a formal dining room with coffered ceilings, and a sophisticated paneled office/library with custom built-ins. The chef's kitchen is both refined and functional, featuring granite countertops, premium and brand new stainless steel appliances including a new Sub-Zero refrigerator and Viking range, radiant heated floors, a coffee bar area, and French doors opening to the outdoor entertaining spaces.
Spanning nearly 5,400 square feet above grade plus an additional 1,140 square feet of finished lower level space, the home offers 5 bedrooms, 4 full baths, and 2 powder rooms. Upstairs, the luxurious primary suite features a dressing room and beautifully renovated spa bath with heated floors. Down the hall you will find 3 other large-scale bedrooms. Additional renovated bathrooms throughout the home also feature radiant heat, while a sun-filled mid-level family room/playroom overlooks the picturesque property and feels like a tree-house. The third floor offers exceptional flexibility with a private bedroom suite, sitting room, marble bath, and walk-in closet. The finished lower level includes a recreation room with fireplace, full bar, gym area, powder room and abundant storage.
Extensively updated for today's lifestyle, recent improvements include fully renovated bathrooms, refinished hardwood flooring throughout, motorized blinds, upgraded Bosch heat pumps, a new HVAC zoning system, whole-house generator hookup, enhanced security and smart home systems. Outdoors, the resort-style pool features programmable lighting, new pump and filter and seamless automation controls. Included is a second lot, possibly buildable, to complete this rare offering- a truly special turnkey estate where classic elegance and modern comfort come together beautifully.
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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, 2026 | Sold | ||
| Sold | |||
| May 24, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Listed by Compass Greater NY, LLC | $2,950,000 | |
| Listed by Compass Greater NY, LLC | |||
| Sep 15, 2020 | Sold | ||
| Sold | |||
| Jul 14, 2020 | Listed by Compass Greater NY, LLC | $2,095,000 | |
| Listed by Compass Greater NY, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017