7 Spring 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 |
|---|---|---|---|
| Oct 30, 2015 | Sold | ||
| Sold | |||
| Sep 24, 2015 | Sold | ||
| Sold | |||
| Jul 21, 2015 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $649,900 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
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New Cormier built Split Gambrel in quiet location. Open floor plan featuring hardwood flooring on entire first floor. Kitchen will have ceiling height wall cabinets, choice of granite countertops and stainless steel appliances. The familyroom has a gas fireplace, recessed lighting, sliding door to deck. 3 nicely sized bedrooms with MBR suite. 2 car garage under with an unfinished room on the lower level that could be finished in the future. September finish date. Photos are a blend of 2 homes this builder has completed.
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| Jul 10, 2015 | Listed by Boardwalk Real Estate | $249,900 | |
| Listed by Boardwalk Real Estate | |||
| Apr 3, 2015 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017