7 Summit Ave
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 |
|---|---|---|---|
| May 13, 2021 | Sold | ||
| Sold | |||
| Mar 24, 2021 | Listed by J. Barrett & Company | $539,000 | |
| Listed by J. Barrett & Company | |||
| Feb 8, 2011 | Listed by J. Barrett & Company | $339,000 | |
| Listed by J. Barrett & Company | |||
| Aug 24, 2010 | Listed by J. Barrett & Company | $349,000 | |
| Listed by J. Barrett & Company | |||
| | |||
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Cute as a button. Single level living, great for the buyer just starting out or ready to scale down. Bamboo & ceramic tile flooring throughout. Many recent improvements and just the right size to ease the need for maintenance. Fenced in backyard is great for children and/or pets. Just around the corner from train-station & downtown & beaches!
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| Jun 25, 2003 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017