123 Cherry Dr. #2
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 |
|---|---|---|---|
| Jun 25, 2013 | Sold | ||
| Sold | |||
| Feb 4, 2013 | Listed by Galanek Associates, Inc. | $294,900 | |
| Listed by Galanek Associates, Inc. | |||
| | |||
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Duplex Style Units-1st floor living at 55+ condo community THE GARDENS of Wilbraham. Our WESTWOOD unit features a Master bedroom w/ Tray ceiling & Walk-in closet, Living Rm w/ cathedral ceiling & fireplace opens to the Dining area & Large kitchen w/ stainless steel appliances. Screened in porch to enjoy your morning coffee. Full walkout basement. Resort style CLUBHOUSE which offers a heated pool, community center, library & fitness center. Low condo fees! No more raking, mowing or shoveling.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/27/2018
|
2 Bed
|
2 Bath
|
1334 ft²
|
$309,900
2 Bed
2 Bath
1334 ft²
|
$309,900
12/14/2018
|
Marisol Franco Team
Coldwell Banker Realty - Longmeadow
| |
|
04/28/2017
|
2 Bed
|
2 Bath
|
1334 ft²
|
$305,000
2 Bed
2 Bath
1334 ft²
|
$300,000
-1.64%
06/23/2017
|
Marisol Franco Team
Coldwell Banker Realty - Longmeadow
| |
|
02/04/2013
|
2 Bed
|
2 Bath
|
1320 ft²
|
$294,900
2 Bed
2 Bath
1320 ft²
|
$294,900
06/25/2013
|
Judith A. Galanek
Galanek Associates, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017