15 Park Drive #25
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 27, 2023 | Sold | $413,950 | |
Sold | |||
Sep 27, 2023 | In contract | - | |
In contract | |||
Sep 20, 2023 | Listed by M. J. Grappo Realty Associates | $417,900 | |
Listed by M. J. Grappo Realty Associates |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/13/2024
|
|
Studio
|
1 Bath
|
350 ft²
|
$2,300
Studio
1 Bath
350 ft²
|
-
-
|
-
|
John Silk
Engel & Volkers Boston
|
09/20/2023
|
Studio
|
1 Bath
|
350 ft²
|
$417,900
Studio
1 Bath
350 ft²
|
$413,950
-0.95%
10/27/2023
|
-
|
Michael Grappo
M. J. Grappo Realty Associates
|
|
04/26/2021
|
Studio
|
1 Bath
|
340 ft²
|
$360,000
Studio
1 Bath
340 ft²
|
$370,000
+2.78%
06/02/2021
|
-
|
Jason Saphire
Saphire Hospitality, Inc.
|
|
01/13/2021
|
Studio
|
1 Bath
|
390 ft²
|
$349,000
Studio
1 Bath
390 ft²
|
$350,000
+0.29%
02/01/2021
|
-
|
Michael Grappo
M. J. Grappo Realty Associates
|
|
05/15/2019
|
1 Bed
|
1 Bath
|
760 ft²
|
$699,000
1 Bed
1 Bath
760 ft²
|
$715,000
+2.29%
08/15/2019
|
ResCo Team
Gibson Sotheby's International Realty
|
||
11/07/2018
|
1 Bed
|
1 Bath
|
660 ft²
|
$529,900
1 Bed
1 Bath
660 ft²
|
$529,900
12/07/2018
|
Nicholas Couturier
New Space Real Estate
|
||
05/16/2017
|
1 Bed
|
1 Bath
|
760 ft²
|
$610,000
1 Bed
1 Bath
760 ft²
|
$631,000
+3.44%
07/14/2017
|
Jun Zhang
Bosh Real Estate Services, LLC
|
||
03/08/2017
|
1 Bed
|
1 Bath
|
390 ft²
|
$339,000
1 Bed
1 Bath
390 ft²
|
$350,000
+3.24%
04/12/2017
|
-
|
Benjamin Aiken
Campion & Company Fine Homes Real Estate
|
|
09/07/2016
|
2 Bed
|
1 Bath
|
660 ft²
|
$409,000
2 Bed
1 Bath
660 ft²
|
$475,000
+16.14%
10/05/2016
|
-
|
Andrew Friedland
Gibson Sotheby's International Realty
|
|
09/07/2016
|
1 Bed
|
1 Bath
|
340 ft²
|
$299,000
1 Bed
1 Bath
340 ft²
|
$299,000
10/14/2016
|
-
|
Andrew Friedland
Gibson Sotheby's International Realty
|
|
04/22/2016
|
1 Bed
|
1 Bath
|
730 ft²
|
$485,000
1 Bed
1 Bath
730 ft²
|
-
05/16/2016
|
Miroslava Fitkova
Fitkova Realty Group
|
||
04/10/2014
|
2 Bed
|
1 Bath
|
980 ft²
|
$574,900
2 Bed
1 Bath
980 ft²
|
$567,000
-1.37%
05/22/2014
|
-
|
Stephen Chase
Keller Williams Realty Boston-Metro | Back Bay
|
|
05/10/2013
|
Studio
|
1 Bath
|
350 ft²
|
$249,000
Studio
1 Bath
350 ft²
|
$256,500
+3.01%
06/21/2013
|
-
|
Michael Grappo
M. J. Grappo Realty Associates
|
|
07/30/2010
|
1 Bed
|
1 Bath
|
715 ft²
|
$349,000
1 Bed
1 Bath
715 ft²
|
$342,500
-1.86%
09/13/2010
|
-
|
Eric Girard
Coldwell Banker Realty - Brookline
|
|
04/29/2010
|
Studio
|
1 Bath
|
390 ft²
|
$199,000
Studio
1 Bath
390 ft²
|
$199,000
06/09/2010
|
-
|
Jib Bowers
Coldwell Banker Realty - South End
|
|
03/12/2010
|
1 Bed
|
1 Bath
|
390 ft²
|
$181,900
1 Bed
1 Bath
390 ft²
|
$190,600
+4.78%
05/21/2010
|
-
|
E. Andrew Tamayo
Advise Realty
|
|
03/01/2010
|
2 Bed
|
1 Bath
|
980 ft²
|
$469,900
2 Bed
1 Bath
980 ft²
|
$455,000
-3.17%
06/01/2010
|
-
|
Michael Feldman
Keller Williams Realty Boston-Metro | Back Bay
|
|
07/22/2009
|
1 Bed
|
1 Bath
|
715 ft²
|
$339,000
1 Bed
1 Bath
715 ft²
|
$335,000
-1.18%
09/02/2009
|
-
|
Lucas Garofalo
Keller Williams Realty Boston-Metro | Back Bay
|
|
07/09/2009
|
Studio
|
1 Bath
|
340 ft²
|
$189,000
Studio
1 Bath
340 ft²
|
$179,000
-5.29%
11/12/2009
|
-
|
Karen Morgan
Coldwell Banker Realty - Cambridge
|
|
04/18/2008
|
Studio
|
1 Bath
|
390 ft²
|
$244,000
Studio
1 Bath
390 ft²
|
$239,500
-1.84%
06/30/2008
|
-
|
Andi Pavlou Xifaras
Hammond Residential
|
|
04/13/2007
|
Studio
|
1 Bath
|
350 ft²
|
$210,000
Studio
1 Bath
350 ft²
|
$205,000
-2.38%
05/25/2007
|
-
|
David Galante
Coldwell Banker Realty - South End
|
|
08/24/2006
|
1 Bed
|
1 Bath
|
390 ft²
|
$226,500
1 Bed
1 Bath
390 ft²
|
$224,750
-0.77%
10/17/2006
|
-
|
Brian Cafasso
Prudential Prime Properties
|
|
03/27/2006
|
2 Bed
|
1 Bath
|
980 ft²
|
$399,000
2 Bed
1 Bath
980 ft²
|
$396,000
-0.75%
08/15/2006
|
-
|
Stephen Chase
Keller Williams Realty Boston-Metro | Back Bay
|
|
03/02/2006
|
1 Bed
|
1 Bath
|
340 ft²
|
$215,000
1 Bed
1 Bath
340 ft²
|
$208,000
-3.26%
04/28/2006
|
-
|
James Sugden
Coldwell Banker Realty - South End
|
|
01/30/2006
|
Studio
|
1 Bath
|
390 ft²
|
$192,000
Studio
1 Bath
390 ft²
|
$190,500
-0.78%
06/07/2006
|
-
|
Margie Tallman
Prudential Prime Properties
|
|
09/08/2004
|
1 Bed
|
1 Bath
|
730 ft²
|
$339,900
1 Bed
1 Bath
730 ft²
|
$325,000
-4.38%
10/28/2004
|
-
|
Ellen Grubert
Compass
|
|
02/27/2004
|
2 Bed
|
1 Bath
|
980 ft²
|
$419,000
2 Bed
1 Bath
980 ft²
|
$435,000
+3.82%
05/25/2004
|
-
|
Melinda Sarkis
Coldwell Banker Realty - South End
|
|
08/07/2002
|
Studio
|
1 Bath
|
390 ft²
|
$199,000
Studio
1 Bath
390 ft²
|
$190,000
-4.52%
09/30/2002
|
-
|
Lawrence Fisch
Boston's Preferred Prop.
|