7 Vernon Avenue
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 |
|---|---|---|---|
| Jul 15, 2025 | Sold | ||
| Sold | |||
| May 6, 2025 | In contract | - | |
| In contract | |||
| May 1, 2025 | Listed | $1,385,000 | |
| Listed | |||
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Built by Jack Mitchell in 2020, this coastal home has sweeping bay and sunset views from both floors and is seconds from bay access and a short walk to Nantasket Beach. Fully FEMA compliant with an elevation certificate, it offers low flood insurance costs. The first floor features an open-concept layout filled with natural light, including a chef’s kitchen, dining area, living room with gas fireplace, den, and full bath. Upstairs, the oversized primary suite includes a private balcony with views of the bay and Boston, two walk-in closets, and an en suite bath with double vanity. Two additional bedrooms and a full bath complete the second floor. Exterior features include a wraparound deck, outdoor shower, fully fenced yard, whole house generator, two EV hookups, and two-car garage. Smart home upgrades include lighting, zoned thermostats, security system, smoke detectors, exterior cameras, and commercial-grade Wi-Fi. Close to shops, dining, and under a 45-minute commute to Boston.
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| Dec 30, 2020 | Sold | ||
| Sold | |||
| Aug 30, 2019 | Listed by William Raveis R.E. & Home Services | $899,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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Wow! Totally new construction by top builder, Jack Mitchell, on quiet side street with views of the Bay from the 1st & 2nd floors & a 2-min walk to the private beach! CLASSY SHINGLE STYLE home w/ all the amenities. Oversized wrap-around deck on left side and the back.. to capture those views! Perfect open floor plan on the first floor for the living room (with gas fireplace & a flat screen TV above), chef's kitchen & dining room, and then a cozy family room or study off to the side. Upstairs is the front to back master suite w/sliders to a balcony, facing the water. Double vanity and 2 walk-in closets.Two other good-sized bedrooms and a second bathroom w/ tub. Ample parking and professionally landscaped yard. Hardwood floors throughout. Andersen tilt windows, Grayne Impression siding and 30-yr architectural roof. Fully FEMA-compliant to vastly reduce flood insurance costs! Walk to your own private Beach! DAYS ON MARKET REFLECT PRE-CONSTRUCTION!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017