Lot 1 Chester Street
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 12, 2025 | Sold | ||
| Sold | |||
| Jan 14, 2025 | In contract | - | |
| In contract | |||
| Dec 30, 2024 | Listed by Coldwell Banker Realty - Worcester | $1,015,000 | |
| Listed by Coldwell Banker Realty - Worcester | |||
| | |||
|
This parcel is near the intersection of Barry Rd and Chester and has 858' of frontage and 4.66+/- acres. The conceptual residential ANR Subdivision Plan (attached in MLS) depicts the potential for 12 lots conforming to the dimensional regulations of the RS-7 district. (see table attached) Each lot is at least 7000SF with at least 65' of frontage as required. This new Lot 1 is a new lot being subdivided from a larger existing lot (lot 2 on the record plan) into 2 parcels. Seller (Assumption) would retain the southern portion of the parcel, while releasing the northern portion of the parcel with the frontage on Chester St necessary to create the ANR lots. The existing sewer easement running cross country will impact some of the proposed lots more than others limiting the building envelope on certain lots. The subdivision plan has been filed with the City and is awaiting approval from the Planning Board currently scheduled for January 15.
| |||
| Oct 15, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017