148 Lafayette Road
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 6, 2022 | Sold | ||
| Sold | |||
| Jun 15, 2016 | Listed by RE/MAX Partners | $1,250,000 | |
| Listed by RE/MAX Partners | |||
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Former Buyers were not able to perform in a timely fashion.That's good news for you. Are you looking for 85 acres of land to develop? Perfect for commercial endeavors such as shopping center, trailer park, camp grounds, housing development, solar project , cell phone tower. Many, many uses. Zoned commercial and residential. Please contact LB for additional information and zoning regulations for this land. Where are you going to find 85 acres of land in Massachusetts? Egress is off 148 Lafayette St. The front 25+acres has been to Land Court. The rear 60+ acres has been surveyed, staked and flagged. Your work has been done for you. Just bring your plans and ideas.
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| Sep 29, 2000 | Sold | ||
| Sold | |||
| Dec 3, 1999 | Listed | $229,000 | |
| Listed | |||
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ZONED COMMERCIAL/RESIDENTIAL. 5.5 LEVEL, WOODED ACRES WITH 257 FEET OF FRONTAGE. BUSY ROUTE 1.
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