7 Summit Road
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 31, 2023 | Sold | ||
| Sold | |||
| Feb 28, 2023 | In contract | - | |
| In contract | |||
| Feb 17, 2023 | Price Decreased |
$524,950
↓ $25K
(4.5%) | |
| Price Decreased | |||
| Jan 30, 2023 | Price Decreased |
$549,500
↓ $20K
(3.4%) | |
| Price Decreased | |||
| Jan 4, 2023 | Price Increased |
$569,000
↑ $44K
(8.4%) | |
| Price Increased | |||
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Address: 335 Madison Avenue, New York, NY 10017