7 Ridge Road
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 |
|---|---|---|---|
| Feb 1, 2019 | Sold | ||
| Sold | |||
| Dec 4, 2018 | Listed by First Option Properties Inc. | $605,000 | |
| Listed by First Option Properties Inc. | |||
| | |||
|
PRICE REDUCED, SHREWSBURY NEW, Ready to Close, 4 BR, 2 1/2 Bath Colonial with 2,848 sf of Living Area, Open Floor Plan, Hardwood Floors, Elegant Dining Room Ceiling with Crown Millwork, Gas Heat, Central Air, Appliances, 26'x18' Family Room with Cathedral Ceiling, Gas Fireplace, Two Car Garage, Energy Star Rated, Beautiful Private Lot, Close to Major Highways.
| |||
| Nov 16, 2018 | No longer available | - | |
| No longer available | |||
| Oct 25, 2018 | Price Decreased |
$649,900
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Oct 6, 2018 | Price Decreased |
$659,900
↓ $15K
(2.2%) | |
| Price Decreased | |||
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Address: 335 Madison Avenue, New York, NY 10017