114 Main 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 |
|---|---|---|---|
| Jul 31, 2023 | Sold | ||
| Sold | |||
| May 6, 2023 | In contract | - | |
| In contract | |||
| Sep 27, 2021 | Listed by William Raveis Chatham | $2,895,000 | |
| Listed by William Raveis Chatham | |||
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Located in the historic area known as the Old Village in Chatham sitting prominently on the southeastern corner of Main St and Water St sits this circa 1809 important architecturally striking home. With sweeping views and beach access to Lighthouse Beach, Chatham Harbor, and North Beach along with close proximity to all the shops and restaurants in Chatham Village. These types of opportunities are few and far between. The home has almost 5,000 sf of comfortable living area boasting much of it's original detail. A total of 6 bedrooms and 4 full baths along with a two car garage and plenty of parking gives this property many options including significant rental income for parts of the house as it includes a separate apartment area for family extras, guests, or rental. The property has been very well maintained and improved over the years with a large renovation in the mid 1980's..
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017