109 Gray 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 |
|---|---|---|---|
| Dec 11, 2024 | Sold | ||
| Sold | |||
| Oct 30, 2024 | In contract | - | |
| In contract | |||
| Oct 23, 2024 | Listed by Gibson Sotheby's International Realty | $1,390,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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They say when one door closes another opens. Having had to cancel their wedding in the summer of 2020, they were devastated. And then, 109 Gray St. became available & they saw an opportunity to put all the energy and resources they had saved for their wedding into making their home. A lovely 4 bedroom colonial with 2 full & 2 half bathrooms near the entrance to Menotomy Rocks Park, the house had a magical feeling but needed updating. So they turned their attention to, among other things, creating the kitchen of their dreams, renovating bathrooms, refinishing floors and ceilings, replacing wiring, adding air conditioning, and generally giving it what it needed for its next chapter. Sadly, work is taking them away from Arlington so their tenure at 109 Gray St is not as long as they had hoped and planned. However, their unexpected move opens the door for a new owner to make this graceful and beautifully improved house their home. Sellers welcome offers with requests for buyer concessions.
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| Aug 20, 2020 | Sold | ||
| Sold | |||
| Jun 10, 2020 | Listed by Gibson Sotheby's International Realty | $899,000 | |
| Listed by Gibson Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017