7702 NEWINGTON FOREST AVENUE
About This Property
The main level features a bright and inviting living area that flows into the kitchen, which was updated in 2017 and provides a functional layout for everyday cooking and entertaining. Large windows bring in natural light, creating a warm and welcoming atmosphere throughout the home.
With five bedrooms across multiple levels, this home offers excellent flexibility for a variety of living arrangements. Whether you need space for family, guests, or a home office, the layout provides plenty of options to suit your needs.
Recent updates include a new roof and gutters installed in 2022, replacement windows installed in 2016, and a sliding door on the upper level installed in 2015. The deck boards and railings were replaced in 2025, creating a refreshed outdoor space perfect for relaxing or entertaining. The HVAC system was serviced in November 2025, helping ensure reliable comfort year round.
Additional updates include a refrigerator and microwave installed in 2025, a washer and dryer installed in 2024, and a dishwasher installed in 2023. The home also features an exterior 240V outlet installed in 2023 for convenient electric vehicle charging.
With a flexible floor plan, multiple bedrooms, and numerous updates already completed, this home offers a fantastic opportunity for comfortable living in an established community.
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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.
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About Newington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017