7518 Western Drive
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 |
|---|---|---|---|
| Feb 2, 2025 | Sold | ||
| Sold | |||
| Jan 29, 2025 | In contract | - | |
| In contract | |||
| Oct 21, 2024 | Listed by Co/Max Holding & Realty Co. | $32,500 | |
| Listed by Co/Max Holding & Realty Co. | |||
| | |||
|
8,000 S.F. Vacant land, vary close to highway 6 , no appointment required to visit the property . all utilities are available
| |||
| Aug 27, 2024 | No longer available | - | |
| No longer available | |||
| Jun 1, 2024 | Price Decreased |
$32,500
↓ $10K
(23.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017