0 Cornell Street
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 |
|---|---|---|---|
| May 20, 2024 | Sold | ||
| Sold | |||
| Feb 7, 2024 | In contract | - | |
| In contract | |||
| Jan 16, 2024 | Listed by Coldwell Banker Realty - Worcester | $400,000 | |
| Listed by Coldwell Banker Realty - Worcester | |||
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Fantastic value-add or redevelopment opportunity!! This property is part of a potential ten-unit project. It can be purchased separately or part of a three parcel portfolio that includes two three families and this lot (MLS # 73193868 and MLS # 73193867). Based on zoning, it appears a two family property can be built on this lot.
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