7 James Place
About This Property
This two-story home with perennial gardens in the front and back yards features hardwood floors throughout the main level, an updated kitchen with granite countertop, and a gorgeous vaulted ceiling sunroom that overlooks a spacious deck and in-ground pool. The second floor features a primary suite with a walk-in closet and connected full bath, 3 large bedrooms and a Jack and Jill bathroom. Year round living with the best of summer season are found here.
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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 |
|---|---|---|---|
| Oct 3, 2024 | Sold | ||
| Sold | |||
| Aug 23, 2024 | In contract | - | |
| In contract | |||
| Aug 8, 2024 | Listed by Ward Wight Sotheby's International Realty | $1,299,999 | |
| Listed by Ward Wight Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017