7 Pier Avenue
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 |
|---|---|---|---|
| Aug 7, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Aug 5, 2025 | Listed by Hampton Estates Realty LLC | $249,999 | |
| Listed by Hampton Estates Realty LLC | |||
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Build your dream escape on this 1.13-acre corner lot in the scenic Jamesport section of Riverhead. This parcel is partially cleared and partly wooded, offering privacy while enjoying panoramic views and plenty of room for a custom home, pool, outbuildings, or gardens. Located less than a mile from Iron Pier Beach, minutes from Love Lane, Mattituck shopping, vineyards, farmstands, and North Fork dining. Surveyed, utilities nearby, and ideal for year-round living or a seasonal retreat.
Zoning: Residential, within the Residence A-40 (RA40) district—requires minimum lot sizes of roughly 40,000?sq?ft (0.92?acres) and allows for single-family homes with limited accessory buildings.
Municipal zoning regulations prescribe setbacks, height limits, and bulk standards in accordance with Town of Riverhead Chapter 301 guidelines. Subdivision or accessory structures may require site plan review and Planning Board approval.
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| Aug 18, 2020 | Sold | ||
| Sold | |||
| Jun 26, 2020 | In contract | - | |
| In contract | |||
| Apr 22, 2020 | Listed by Douglas Elliman Real Estate | $175,000 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017