7981 TERRACE DR
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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 |
|---|---|---|---|
| Mar 9, 2026 | Sold | ||
| Sold | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Feb 4, 2026 | Listed by Red Oak Realty | $1,749,000 | |
| Listed by Red Oak Realty | |||
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Set back from the street on a sun-drenched 10,000+ sq ft lot (per public record) & nestled among redwood trees, 7981 Terrace is truly an exceptional property. Architect-designed & built in 2017, this mid-century modern influenced home offers 4 beds, 3.5 baths, and attached 1-bed/1-bath ADU. Step inside & your eyes are drawn straight through glass double doors to the breathtaking backyard & the elegant stairway to the second level. The main floor features a luxurious primary bedroom w/en-suite bath, 2 additional beds & full bath and polished concrete floors. Ascend the stairway & be delighted by the open floor plan & many windows. The gourmet kitchen boasts beautiful quartzite counters & abundant space for any chef. The living room centers around a Rais wood-burning fireplace, while a covered deck w/built-in gas BBQ beckons for indoor-outdoor entertaining. An additional flexible room serves perfectly as a bedroom or office, plus a convenient half bath. The level, park-like backyard must be seen to be believed—offering endless possibilities for hide & seek, gardening, & relaxation. 2 outbuildings, one w/a full bath, provide versatile bonus space. The 1-bed/1-bath ADU mirrors the sophistication of the main house & can be rented for income or connected to the main house. A must see!
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| Jul 7, 2015 | Sold | ||
| Sold | |||
| Jun 15, 2015 | Listed by MARVIN GARDENS EAST BAY | $299,000 | |
| Listed by MARVIN GARDENS EAST BAY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017