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7 Welch Lane
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 |
|---|---|---|---|
| Aug 29, 2005 | Sold | ||
| Sold | |||
| Nov 12, 2004 | Listed by Holly C & Co. Fine Homes | $859,000 | |
| Listed by Holly C & Co. Fine Homes | |||
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Private setting abutting woodlands with classic Bungalow with two car garage with second floor 2 BDRM apartment. Formerly the a day camp, this is a wonderful piece of land and a great opportunity for builders. The land has been subdivided into three lots, one lot with the house and garage/resdence, and two separate residential lots. Planning Board Approved, city sewer in street. Property is being sold as is. Home need updating. One lot contains an in-ground pool and club house.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017