7 Skillen Lane
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 |
|---|---|---|---|
| Nov 19, 2024 | Sold | ||
| Sold | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Listed by Berkshire Hathaway HomeServices Starck Real Estate | $197,000 | |
| Listed by Berkshire Hathaway HomeServices Starck Real Estate | |||
| Apr 3, 2023 | Sold | ||
| Sold | |||
| Sep 29, 2022 | Listed by Glacier Realty, Inc. | $184,900 | |
| Listed by Glacier Realty, Inc. | |||
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NO MORE SHWOWINGS This UNIQUE property is within walking distance of the lake. It was previously used as a two unit. Main level is a COMPLETE REMODEL...new sewer and gas lines, basement pipes, electric, floors, walls, Low E windows, doors, trim, kitchen and bathroom. Main level living offers two bedrooms, full bathroom, kitchen (new SS appliances on order to include fridge, DW, stove and microwave hood), eat in area, dining room, and living room leading to a deck overlooking the mostly fenced in back yard with mature trees. Cement slab in place for shed if desired. Separate exterior entrance for upstairs offering a back upper enclosed porch, bedroom, kitchen, living room, bonus space and full bath. You can also access the upstairs from the inside staircase to utilize the property as a single-family home. The upstairs is heated by a large electric heater. All utilities metered together. Parts of the exterior siding and roof were new last year. Take advantage of this opportunity for your specific needs!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017