7 Preston Way #7
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%.
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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 16, 2019 | Sold | ||
| Sold | |||
| Jul 24, 2019 | Listed by Keller Williams Realty Boston Northwest | $485,000 | |
| Listed by Keller Williams Realty Boston Northwest | |||
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Robbins Brook is a 55+ community just steps from the Bruce Freeman Rail Trail and Nara Park. Offering over 2000SF of quality living space, 2+ bedrooms, 2.5 baths, 7 Preston Way lives like a single family home, yet provides all the conveniences of a condominium. The bright and spacious open floor plan includes cathedral ceilings, oak hardwood on both first and second floors, a well appointed kitchen with granite, stainless, and gas cooking. A first floor master suite is luxurious with large walk in closet and spa-like full bath that includes both shower and soaking jetted tub. On the second floor is the second bedroom and another full bath plus a bonus room that works as a guest bedroom or media room, and there is a small office too! Plenty of room to enjoy company or find some personal space. Unexpected extras include the gas fireplace, two car garage, central air conditioning, and a basement that is ready to be finished, providing so many options. Just unpack and move in!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/24/2019
|
2 Bed
|
3 Bath
|
2020 ft²
|
$485,000
2 Bed
3 Bath
2020 ft²
|
$485,000
08/16/2019
|
Elisabeth Elden
Keller Williams Realty Boston Northwest
| |
|
05/06/2010
|
2 Bed
|
3 Bath
|
2063 ft²
|
$339,900
2 Bed
3 Bath
2063 ft²
|
$357,875
+5.29%
04/28/2011
|
Missy Daboul Margolis
MDM Realty, Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017