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7029 NOVARA PLACE
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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.
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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 |
|---|---|---|---|
| Oct 1, 2026 | Listed by Pinnacle Real Estate Group | $1,100,000 | |
| Listed by Pinnacle Real Estate Group | |||
| Aug 11, 2025 | Sold | ||
| Sold | |||
| Jul 26, 2025 | In contract | - | |
| In contract | |||
| Jul 6, 2025 | Listed by Pinnacle Real Estate Group | $978,000 | |
| Listed by Pinnacle Real Estate Group | |||
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Gorgeous home located in a desirable neighborhood across from Central Park, the Pacific Electric Bike Trail, and just minutes from Victoria Gardens. This beautifully updated property welcomes you with fresh interior paint, new waterproof underlayment on the roof, and a well-manicured front lawn. The spacious layout features vaulted ceilings, a formal living and dining room combo, and a circular floor plan that flows into a tastefully remodeled kitchen with refinished cabinets, quartz countertops, upgraded waterproof flooring, and stainless steel appliances.
The kitchen opens to a large family room with a brick fireplace and a wet bar—ideal for gatherings and entertaining. Upstairs, you'll find four generously sized bedrooms with vaulted ceilings, including a spacious primary suite with a soaking tub, separate shower, and dual vanities. The oversized backyard features two covered patios, mature lemon trees, a storage shed, and plenty of grassy space—plus potential for an ADU (buyer to verify). Additional highlights include RV parking and a 3-car garage. Located in a top-rated school district, this move-in-ready home is a rare opportunity you don’t want to miss!
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About Victoria
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017