125 Converse Rd
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 |
|---|---|---|---|
| May 28, 2020 | Sold | ||
| Sold | |||
| Oct 7, 2019 | Listed by Converse Company Real Estate | $685,000 | |
| Listed by Converse Company Real Estate | |||
| Sep 30, 2008 | Sold | ||
| Sold | |||
| May 2, 2006 | Listed by Converse Company Real Estate | $2,300,000 | |
| Listed by Converse Company Real Estate | |||
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The property is four tax parcels and is a 30.42+/- residentially zoned waterfront parcel with five residences and two accessory structures. 1,265+/- ft of frontage on Converse Rd and 1,250+/- ft of tidal frontage on Sippican Harbor. Three of the four parcels are vacant.*A new sewer line has been built on Converse Rd and the property is expected to have connections for three houses with 4 BR each. Also,subject to Town approved soil tests, there can be septic systems for two more 4BR houses.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017