9
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7 Spring Hill
About This Property
Ideally located, the property is just a short drive to local parks, schools, and the beautiful North Shore beaches of Long Island.
Enjoy nearby hiking trails, beach rights, and a variety of shopping and dining options. Golf enthusiasts will appreciate the close proximity to the prestigious Nissequogue Golf Club, along with several well-known local restaurants. The house and tennis court on the lot was taken down.
This is a unique chance to create a private retreat while still being conveniently connected to everything the area has to offer.
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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 |
|---|---|---|---|
| Jul 8, 2026 | Price Decreased |
$999,000
↓ $51K
(4.9%) | |
| Price Decreased | |||
| Apr 28, 2026 | Listed by BERKSHIRE HATHAWAY | $1,050,000 | |
| Listed by BERKSHIRE HATHAWAY | |||
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About Nissequogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017