15 Cliff 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 |
|---|---|---|---|
| Mar 28, 2024 | Sold | ||
| Sold | |||
| Feb 19, 2024 | In contract | - | |
| In contract | |||
| Nov 29, 2023 | Listed by Engel & Volkers By the Sea | $3,750,000 | |
| Listed by Engel & Volkers By the Sea | |||
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“HIGH ROCK COTTAGE” – Long before these summer cottages had street numbers, every house had a name. Even mail was addressed “High Rock Cottage”, Cliff Road, Gloucester, MA. Perched on top of granite outcroppings on one of the highest points on Brier Neck, this is “OH…THAT HOUSE!” (The one you’ve seen in the distance and thought to yourself “Someday)!” Panoramic views, salt air and iconic twin lighthouses welcome you. Offered with the ADJACENT BUILDABLE LOT for the first time in five decades, this 1920s cottage retains its charm and is now a year-round home. Between Good Harbor Beach and Long Beach, the location is spectacular. More than anything “High Rock Cottage” has been, and will continue to be, the magical setting of our most precious memories…gatherings, returning from the beach sun kissed and salty, good friends, lobster bakes and in the quiet of the night, being lulled to sleep by the sounds of the surf. This is your opportunity to make that “someday” NOW…
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| Jun 14, 1996 | Sold | ||
| Sold | |||
| Sep 29, 1995 | Listed | $649,000 | |
| Listed | |||
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OCEANFRONT QUALITY 2 STORY CONTEMPORARY. WONDERFULLY DESIGNED TO MAKE FULL USE OF OCEANVIEWS, BREEZES WHILE THE FLOOR PLAN FLOWS FOR EASY LIVING GRANITE FLOORS AND PATIOS. MASTER WITH DOUBLE JACUZZI.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017