7 Lanark Road #3
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%.
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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 |
|---|---|---|---|
| Dec 8, 2022 | Sold | ||
| Sold | |||
| Sep 27, 2022 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 27, 2022 | Relisted | $599,000 | |
| Relisted | |||
| Sep 16, 2022 | Withdrawn | - | |
| Withdrawn | |||
| Sep 15, 2022 | Listed by Compass | $599,000 | |
| Listed by Compass | |||
| | |||
|
Stunning Washington Square renovated two bedroom unit with TWO parking spaces. Located on the second floor of this mid-rise building, the unit is pristine with hardwood floors, all new appliances, windows on three sides and additional storage. The spacious living room leads to the adjoining dining area that could also be the perfect spot for your home office. The kitchen with crisp white cabinetry, new countertops and new appliances, is just beautiful. The bathroom has also had many recent updates and has gleaming white tile, new vanity, mirror and floor. The two bedrooms are a great size and both can easily fit a king sized bed. The second space is perfect is you have two cars but you can also opt to rent the space for additional income. The association is professionally managed and pet friendly Close to public transportation, the shops and restaurants of Washington Square and Cleveland Circle, Longwood Medical, Chestnut Hill reservoir, Boston College and Boston University.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/04/2022
|
2 Bed
|
1 Bath
|
-
|
$649,000
2 Bed
1 Bath
|
-
-
|
Bell | Whitman Group
Compass
| |
|
09/15/2022
|
2 Bed
|
1 Bath
|
792 ft²
|
$599,000
2 Bed
1 Bath
792 ft²
|
$555,000
-7.35%
12/08/2022
|
Yaxing Zhou
Ripple Realty Group LLC
| |
|
05/19/2021
|
2 Bed
|
1 Bath
|
792 ft²
|
$579,000
2 Bed
1 Bath
792 ft²
|
$620,000
+7.08%
06/18/2021
|
Arezou Dadgar Lemos
Marc Roos Realty
| |
|
04/11/2019
|
2 Bed
|
1 Bath
|
792 ft²
|
$579,000
2 Bed
1 Bath
792 ft²
|
$579,000
05/17/2019
|
Elissa Rogovin
Hammond Residential Real Estate
| |
|
06/30/2015
|
2 Bed
|
1 Bath
|
792 ft²
|
$395,000
2 Bed
1 Bath
792 ft²
|
$412,500
+4.43%
10/01/2015
|
Barrie Wheeler
Hammond Residential Real Estate
| |
|
09/02/2014
|
2 Bed
|
1 Bath
|
792 ft²
|
$399,000
2 Bed
1 Bath
792 ft²
|
$413,000
+3.51%
11/14/2014
|
Bin Ryter
Coldwell Banker Residential Brokerage - Newton - Centre St.
| |
|
10/12/2012
|
2 Bed
|
1 Bath
|
792 ft²
|
$389,000
2 Bed
1 Bath
792 ft²
|
$385,000
-1.03%
10/30/2012
|
Erin Baumgartner
Compass
| |
|
02/04/2010
|
2 Bed
|
1 Bath
|
792 ft²
|
$419,000
2 Bed
1 Bath
792 ft²
|
-
-
|
Karen Sandler
Castles Unlimited® - Commercial
| |
|
10/22/2004
|
2 Bed
|
1 Bath
|
792 ft²
|
$379,900
2 Bed
1 Bath
792 ft²
|
$380,000
+0.03%
01/19/2005
|
Greg Maund
William Raveis R. E. & Home Services
| |
|
09/05/2002
|
2 Bed
|
1 Bath
|
792 ft²
|
$338,900
2 Bed
1 Bath
792 ft²
|
$329,000
-2.92%
12/10/2002
|
Alexander Averbuch
Averbuch Realty
| |
|
05/03/2002
|
2 Bed
|
1 Bath
|
792 ft²
|
$319,000
2 Bed
1 Bath
792 ft²
|
$300,000
-5.96%
07/02/2002
|
Olga Perelman
Olga Perelman
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017