109 Outer Drive #109
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%.
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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 11, 2014 | Sold | ||
| Sold | |||
| Jan 22, 2014 | Listed by Ginny Teta's R.E. Services | $93,900 | |
| Listed by Ginny Teta's R.E. Services | |||
| Feb 29, 2008 | Sold | ||
| Sold | |||
| Dec 15, 2007 | Listed by ERA Key Realty Services- Milf | $109,000 | |
| Listed by ERA Key Realty Services- Milf | |||
| | |||
|
Beautifully maintained one bedroom condo with garage in nice area of Chicopee. Newer carpeting and paint with a new stove and refrigerator. Unit available for immediate occupancy. Convenient to shopping, Mass. Pike and I-91. SMALL PETS ALLOWED.
| |||
| Sep 5, 2005 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/22/2014
|
1 Bed
|
1 Bath
|
670 ft²
|
$93,900
1 Bed
1 Bath
670 ft²
|
$98,000
+4.37%
03/11/2014
|
Ginny Teta
Ginny Teta's R.E. Services
| |
|
12/15/2007
|
1 Bed
|
1 Bath
|
670 ft²
|
$109,000
1 Bed
1 Bath
670 ft²
|
$109,000
02/29/2008
|
Sharon Morris
Noonan Real Estate
| |
|
06/26/2005
|
1 Bed
|
1 Bath
|
670 ft²
|
$105,000
1 Bed
1 Bath
670 ft²
|
$97,000
-7.62%
09/05/2005
|
Michael Avery
Thompson Real Estate Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017