7 Surry Dr #7
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%.
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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 |
|---|---|---|---|
| Apr 27, 2022 | Sold | ||
| Sold | |||
| Mar 24, 2022 | Listed by RE/MAX Executive Realty | $399,000 | |
| Listed by RE/MAX Executive Realty | |||
| Nov 1, 2021 | Sold | ||
| Sold | |||
| Oct 20, 2019 | Listed by ERA Key Realty Services | $230,000 | |
| Listed by ERA Key Realty Services | |||
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This condo is almost into foreclosure. It is a hidden GEM. Just needs a new furnace, flooring, and appliances. Priced well below other condos in this development and just needs some TLC and it will shine again. The spacious kitchen boasts granite/Corian countertops, a tiled floor, and cherry cabinets. Open floor concept living room and dining room has a vaulted ceiling with a warm and inviting gas fireplace, opening up to a bright and sunny four-season sunroom. The spacious master suite has a large closet and private bath with extra storage and convenient laundry. The second bedroom can be used for a home office, craft room, etc. Private deck off of sunroom overlooks the wooded back yard. A new water tank was installed in 2015. Seller installed large windows in the basement in preparation for finishing in the future. House needs a new furnace and some minor plumbing but overall is in great shape. Inspection is for informational purposes only. Bank has the final say on sale price.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/24/2022
|
2 Bed
|
2 Bath
|
1150 ft²
|
$399,000
2 Bed
2 Bath
1150 ft²
|
$460,000
+15.29%
04/27/2022
|
Robbi Rubenstein
RE/MAX Executive Realty
| |
|
10/20/2019
|
2 Bed
|
2 Bath
|
1150 ft²
|
$230,000
2 Bed
2 Bath
1150 ft²
|
$245,000
+6.52%
11/01/2021
|
Jacquelyn Robinson
Century 21 The Real Estate Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017