7 Park St #2
About This Property
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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 |
|---|---|---|---|
| Jun 26, 2020 | Sold | ||
| Sold | |||
| May 4, 2020 | Listed by Leading Edge Real Estate | $309,000 | |
| Listed by Leading Edge Real Estate | |||
| Apr 2, 2019 | No longer available | - | |
| No longer available | |||
| Mar 22, 2019 | Relisted | $294,000 | |
| Relisted | |||
| Mar 21, 2019 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/04/2020
|
2 Bed
|
2 Bath
|
1605 ft²
|
$309,000
2 Bed
2 Bath
1605 ft²
|
$300,000
-2.91%
06/26/2020
|
Heidi Roberts
Keller Williams Realty Evolution
| |
|
02/27/2019
|
2 Bed
|
2 Bath
|
1605 ft²
|
$309,000
2 Bed
2 Bath
1605 ft²
|
-
-
|
-
| |
|
03/13/2015
|
1 Bed
|
1 Bath
|
645 ft²
|
$209,900
1 Bed
1 Bath
645 ft²
|
$204,200
-2.72%
05/28/2015
|
Anne Casale-Skinner
Century 21 North Shore
| |
|
04/07/2010
|
2 Bed
|
2 Bath
|
1455 ft²
|
$259,000
2 Bed
2 Bath
1455 ft²
|
-
-
|
John Farrell
Coldwell Banker Realty - Beverly
| |
|
09/30/2003
|
2 Bed
|
2 Bath
|
1440 ft²
|
$299,900
2 Bed
2 Bath
1440 ft²
|
$292,000
-2.63%
06/25/2004
|
Jennifer Krisko
Don Corbett R. E.
| |
|
09/30/2003
|
1 Bed
|
1 Bath
|
695 ft²
|
$215,000
1 Bed
1 Bath
695 ft²
|
$215,000
12/22/2003
|
Jennifer Krisko
Don Corbett R. E.
| |
|
10/11/2002
| |
4 Bed
|
2 Bath
|
1791 ft²
|
$369,900
4 Bed
2 Bath
1791 ft²
|
$325,000
-12.14%
02/26/2003
|
Cathy Pydynkowski
Danvers Realty Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017