7 Vernon St
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 |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Jan 3, 2025 | In contract | - | |
| In contract | |||
| Dec 27, 2024 | Listed by Campolito Realty Group | $218,000 | |
| Listed by Campolito Realty Group | |||
| | |||
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3 Bed cottage on corner lot with an in town location, walk to everything. House needs some work and would be great for someone handy. There is a back unfinished room on the west side that would make a great additional bedroom, office or 2nd living room. There was a new roof installed on the home in 2019. There is a large detached 20 x 50 foot garage with a chimney so you could put in a wood stove. This would be a great space for car enthusiasts, boat storage, etc. A recent rubber roof was installed on the garage. The garage will be cleared out before close.
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| Dec 13, 2019 | Sold | ||
| Sold | |||
| May 5, 2006 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017