7 Hotel Pl
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 |
|---|---|---|---|
| Sep 1, 2023 | Sold | ||
| Sold | |||
| Oct 12, 2010 | Sold | ||
| Sold | |||
| Aug 31, 2010 | Listed by Keller Williams Realty-Merrimack | $87,500 | |
| Listed by Keller Williams Realty-Merrimack | |||
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Investors take notice on this property needing extensive repair!! For Owner Occupant offers: Offers submitted between 7/16-8/31/10 & closed by 10/29/10;selling agent bonus $1500, add'l $500 if NSP funds used by buyer as part of purchase price, negotiate up to 3% in closing costs. Seller providing 2 yr Limited Warranty at closing. All promotional offers subject to cancellation without notice. All offers must be accompanied with a valid pre-approval and or proof of funds if cash. No exceptions!
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| May 17, 2010 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017