27
Map
7 Forge Gate Drive #2A
About This Property
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Cap Rate Calculator
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 11, 2025 | Sold | ||
| Sold | |||
| May 31, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Listed by Houlihan Lawrence Inc. | $410,000 | |
| Listed by Houlihan Lawrence Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/08/2025
|
2 Bed
|
1 Bath
|
984 ft²
|
$410,000
2 Bed
1 Bath
984 ft²
|
$410,000
07/11/2025
|
Kathyrine Tomann
Houlihan Lawrence Inc.
| |
|
03/16/2018
|
1 Bed
|
1 Bath
|
744 ft²
|
$159,900
1 Bed
1 Bath
744 ft²
|
$147,500
-7.75%
01/08/2019
|
Patrick J. Lynch
Sewanhaka Properties Inc
| |
|
06/13/2018
| |
1 Bed
|
1 Bath
|
744 ft²
|
-
1 Bed
1 Bath
744 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017