7 Park Place
About This Property
Beyond the existing bedrooms, there is additional flexible space on the main floor that could serve as a dedicated office, den, or playroom. The current owners are maximizing the space by utilizing it as a third main-floor bedroom.
Unbeatable Outdoor Entertainment
Step outside to your incredible backyard retreat. This true oasis features a heated pool, a charming fire pit for evening gatherings, and a spacious back patio with awnings that offers plenty of room for outdoor dining and cooking. An added outdoor shower is perfect after a swim.
For the culinary enthusiast, the sellers have built three outdoor ovens!
Expansive Acreage and Versatility
The property spans a generous five acres, offering incredible space and flexibility. Two acres are fully fenced, creating a secure area, while the remaining three acres are perfect for recreational vehicles, ATVs, or other outdoor pursuits.
A unique feature is the additional sunroom, currently serving as a dedicated space for a home-based business, offering even more versatility.
Spacious Second Floor Sanctuary
The second floor is dedicated to relaxation and space, featuring a total of three bedrooms. The primary suite is a spacious haven complete with a private ensuite bath. The primary bedroom boasts a huge closet and there's a huge hall closet that offers exceptional storage for the second floor. The second upstairs bedroom also offers great comfort and has access from the bedroom to the second full bathroom. The third bedroom on the second floor provides extra space for family or guests.
This home is a perfect blend of indoor comfort, dedicated main-floor living, outdoor entertaining, and acreage for all your hobbies!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 8, 2026 | Sold | ||
| Sold | |||
| May 9, 2026 | In contract | - | |
| In contract | |||
| Feb 7, 2026 | Price Decreased |
$730,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Oct 18, 2025 | Listed by Century 21 Full Service Realty | $740,000 | |
| Listed by Century 21 Full Service Realty | |||
| May 18, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017