116 Summit 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 |
|---|---|---|---|
| Jan 26, 2004 | Sold | ||
| Sold | |||
| Dec 9, 2003 | Listed by RE/MAX Andrew Realty Services | $459,000 | |
| Listed by RE/MAX Andrew Realty Services | |||
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|
BEAUTIFUL 3YR OLD COLONIAL NEAR CLEARY SQUARE .THIS HOUSE FEATURES 8RMS,4BRS, 3FULL BATH W/JACUZZI,2FR,LR,FAM RM,BACK DECK,MODERN KITCHEN W/CORIAN TILE & ISLAND.PARTIAL ATTIC AND FINISHED BSEMENT.CALL AGENT TO SHOW
| |||
| Jun 1, 2000 | Sold | ||
| Sold | |||
| Jan 7, 2000 | Listed by Ashmont Realty, Inc. | $335,000 | |
| Listed by Ashmont Realty, Inc. | |||
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