7822 Red Hickory PLACE
About This Property
Entering the home you will notice a well-appointed Study, decorative art niches and the elegant Rotunda including a tray ceiling, crown molding and archways which gives you the grand entrance and character you are looking for. Just off to your left you'll find your very own bar/game room with a beautiful reclaimed wood accent wall, that could easily be converted back to a formal dinning room. The kitchen is a chef's delight with lush 42" White Cumberland Thermfoil cabinetry, decorative subway tile back splash, under cabinet lighting Select GE stainless steel appliances included, and Quartz counter tops throughout entire home. The kitchen overlooks a cozy Gathering room with 12' vaulted ceilings and triple sliding glass doors that pocket behind the wall, leading to the enjoyable outdoor living space where you find an extended patio with ample room for seating and dinning, a stone outdoor kitchen featuring BBQ grill, a black granite countertop with bar seating. All in your fenced in backyard with SynLawn Turf.
The Owner's suite is open and spacious with bedroom being 16' 8" x 12' 10" (plenty of room for a king bedroom set and seating area), and featuring triple windows, and a luxurious ensuite bath with an oversized garden tub, spa-like shower with a built-in bench and two separate walk-in closets. This home features upgraded ceramic floor tile throughout and carpet in the bedrooms.
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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 27, 2025 | Sold | ||
| Sold | |||
| Jan 19, 2025 | In contract | - | |
| In contract | |||
| Dec 19, 2024 | Price Decreased |
$429,500
↓ $3K
(0.7%) | |
| Price Decreased | |||
| Oct 31, 2024 | Price Decreased |
$432,500
↓ $3K
(0.6%) | |
| Price Decreased | |||
| Aug 29, 2024 | Price Decreased |
$435,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
Property Highlights
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About Progress Village
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$2,200 /mo
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- 1,785 ft²
$2,250 /mo
- 3 Beds
- 2 Baths
- 1,880 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017