7 MIDVALE RD
About This Property
The finished lower level offers additional living space with an exercise room with picture windows, rubber flooring, and a split system for heating and cooling. The expansive 31-foot recreation room is perfect for gatherings, complete with carpeting and recessed lighting. A second laundry room includes tile flooring and laundry tubs, while a fifth full bath features heated tile floors, a quartz-topped vanity, and a walk-in shower. A Rheem AC system cools both the first floor and lower level. The exterior is equally impressive with custom walkways, attractive landscaping, and a private rear play yard. The driveway accommodates multiple cars, offering added convenience. This home is located just a short walk from schools, the Enoch Pratt Library, Eddie's, Starbucks and other local amenities. Whether you're hosting or simply enjoying a quiet evening at home, the refined updates make this property an exceptional retreat in one of the city's most sought-after locations.
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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 8, 2024 | Sold | ||
| Sold | |||
| Sep 25, 2024 | In contract | - | |
| In contract | |||
| Sep 18, 2024 | Listed by Berkshire Hathaway HomeServices Homesale Realty | $1,595,000 | |
| Listed by Berkshire Hathaway HomeServices Homesale Realty | |||
| May 25, 2016 | Sold | ||
| Sold | |||
| Aug 16, 1995 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017