7 Oak St
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 |
|---|---|---|---|
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Sep 30, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2024 | Listed by BA Property & Lifestyle Advisors | $1,100,000 | |
| Listed by BA Property & Lifestyle Advisors | |||
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Introducing the William Inman House, circa 1898; Commissioned by the industrialist and prominent Freemason and designed by famed architect, George Clemence; this exemplary Colonial Revival has retained its historic and architecturally significant detail and grandeur. Punctuated by Ionic Columns, Stained Glass, Copper Gutters and irreplaceable Mill-work, this property has served a variety of residential and philanthropic uses. Nestled between Elm Park and Main St, and directly adjacent to WPI's campus, the home's siting provides immediate access to both natural and urban amenities. Next door to The Worcester Club. Most recently used as a lodging house by special permit, BO1 Zoning permits a variety of uses "by right", including single family or multi-family residence, professional offices, school, etc. Third floor contains a studio apartment with separate kitchen. Fully sprinklered. Heat provided by high efficiency, gas, Viessmann Boiler (2019). Private patio, ample off-street parking.
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| Sep 14, 2018 | Sold | ||
| Sold | |||
| Jun 21, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017