7 Melba Ln
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 |
|---|---|---|---|
| Nov 20, 2024 | Sold | ||
| Sold | |||
| Oct 15, 2024 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Listed by Gibson Sotheby's International Realty | $799,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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Welcome to 7 Melba Lane, a stunning ranch that underwent a significant makeover in 2022. Located in a highly-desired neighborhood, this home features an abundance of updates and conveniences, such as hardwood floors throughout, central air (2024) and a fenced-in yard (2024). Upon entry, you will be awestruck by the open concept floor plan, with a living/dining area that flows into an incredible, fully renovated kitchen that is a cook's dream. With its massive center island, white shaker cabinets, stainless steel appliances and coffee bar with beverage cooler, this kitchen will be the focal point of your gatherings with friends and family. When it's time to relax, head into the show-stopping great room with towering cathedral ceilings, exposed beams and gas fireplace, or lounge on the brand new back deck. The home is complete with three sizable bedrooms, including the primary suite with half bath, a full bath and an unfinished basement that is framed for future expansion.
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| Aug 11, 2022 | Sold | ||
| Sold | |||
| Jun 23, 2022 | Listed by Gibson Sotheby's International Realty | $629,900 | |
| Listed by Gibson Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017