1 Chipman Terrace
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 |
|---|---|---|---|
| Oct 15, 2024 | Sold | ||
| Sold | |||
| Sep 17, 2024 | In contract | - | |
| In contract | |||
| Sep 11, 2024 | Listed by Compass | $810,000 | |
| Listed by Compass | |||
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New England skyline, stylish updates, soaring ceilings & an outpour of natural light: welcome to 1 Chipman Terrace, in the heart of Melrose Highlands! Step onto the string-lit outdoor patio and enter this classy Colonial, and its open, well-rounded floor plan. Through the mudroom, you’ll find living and dining rooms that comfortably host guests, while the French doors to the bright sunroom offer privacy for a sitting area, playroom, or home office. The kitchen impresses with soaring ceilings, white cabinetry, modern appliances & spacious quartz counters. The large windows overlook the patio, where you’ll enjoy your gas-lined grill and private setting on Fall evenings. Classic wainscoting leads you to the 2nd floor, where airy bedrooms, extra closet space, city views and chic design meet your wishlist while touring this home. A serene spot just steps from the commuter rail, shops, parks and restaurants is a rare find - plan your visit this weekend and enjoy the views, inside and out!
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| Sep 24, 2018 | Sold | ||
| Sold | |||
| Aug 1, 2018 | Listed by Compass | $549,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017