7 Old Reed 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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Nov 26, 2025 | In contract | - | |
| In contract | |||
| Sep 17, 2025 | Listed by REMAX Connections | $55,000 | |
| Listed by REMAX Connections | |||
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Experience the charm of country living at its finest! This stunning 7.33-acre lot is nestled in a well-established neighborhood, offering an exceptional opportunity build your dream home. With public water readily available, there is no need to drill a well. Builders, take note—there are four lots available if you are looking to build multiple properties. Lot 3 Reed Street-1.43 Acres $38,500, Lot 4 Reed Street-1.33 Acres $38,500, lot 6 Reed Street $35,000. The buyer is responsible for conducting their own due diligence with the town building departments.
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| Aug 30, 2025 | No longer available | - | |
| No longer available | |||
| Jun 16, 2025 | Relisted | $55,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017