7 Sherman Avenue
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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 |
|---|---|---|---|
| Nov 5, 2024 | Sold | ||
| Sold | |||
| Jul 29, 2024 | In contract | - | |
| In contract | |||
| Jul 7, 2024 | Price Decreased |
$849,000
↓ $50K
(5.6%) | |
| Price Decreased | |||
| Jul 1, 2024 | Listed by Daniel Gale Sothebys Intl Rlty | $899,000 | |
| Listed by Daniel Gale Sothebys Intl Rlty | |||
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Welcome to your own beach paradise. Sited on 0.14 acre this tastefully renovated home offers 3 Bedrooms, 2 baths with a full unfinished basement. The main floor offers an en suite bedroom, 2 Zone Central AC, a full renovated bathroom, and affords hardwood floors throughout. The open living room floor plan offers a wood burning fireplace which overlooks a dining area into the kitchen. Kitchen offers stainless steel appliances and granite countertops. The second level offers 2 additional bedrooms and a full bath. Step outside onto a cedar deck and secluded fenced in yard surrounded by mature perennials. A short distance to Ponquogue Beach, Bay, Town Centre, Train & Jitney Stations.
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| Nov 26, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017