1 Colburn 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 |
|---|---|---|---|
| Apr 27, 2018 | Sold | ||
| Sold | |||
| Feb 19, 2016 | Listed by RE/MAX 360 | $199,000 | |
| Listed by RE/MAX 360 | |||
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Live the coveted Gloucester lifestyle in your custom home, across the street from Hodgkins Cove and the most famous fish shack on Cape Ann! Away from crowds and traffic, enjoy the simple pleasures of this fabulous location. Peaceful Plum Cove Beach is up the street and the conveniences of your neighborhood coffee shop and convenience/package store is nearby too. Put your canoe or kayak in the Annisquam river just across the street and paddle over to Wingaersheek Beach or explore the shoreline of Bayview to Lanesville, from Hodgekins Cove to Flat Rocks. Level lot offers privacy and convenience. Public sewer and water available on Colburn St. Registered Plan Book 363 Page 67, Essex south Registry of Deeds. Sewer betterment has been paid. Large quarried granite memorial to be removed prior to sale.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017