7 Lavender Lane
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 |
|---|---|---|---|
| Oct 21, 2021 | Sold | ||
| Sold | |||
| Jun 30, 2021 | Listed by RE/MAX Rising | $750,000 | |
| Listed by RE/MAX Rising | |||
| Oct 4, 2018 | No longer available | - | |
| No longer available | |||
| May 16, 2018 | Listed | $535,000 | |
| Listed | |||
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Ranch in phenomenal location showcasing eye-catching plank tiled main floor with new paint, lights, and hardware throughout. Main floor boasts DR w/ new built-in buffet; eat-in kitchen connecting to new sunroom & bath; WI pantry; laundry featuring 8’ built-in lockers; FR w/ 10’ ceilings and dual window seats w/ built-in shelves; master suite w/ lighted, trayed ceiling, bath, and large closet; and 2 add’l BRs w/ new carpet & new hall bath. Expansive downstairs has 2nd FR with built-ins, wet bar, new granite countertop, and new vinyl plank floors thru the large office/billiards room; large BR + another room (w closet) used as BR, large flex room, and storage. Rear steps from basement lead up to the spectacular oversized 3++car heated garage w/ extensive shelving, storage and large washtub. 2 large shaded decks overlook the large tree-lined backyard w/ no rear neighbors, fence and irrigation. Must see to fully appreciate! Agent interest The manager has listed the unit size as 5090 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017