16 Washington Square #2
About This Property
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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%.
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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 |
|---|---|---|---|
| Dec 14, 2021 | Sold | ||
| Sold | |||
| Oct 5, 2021 | Listed by North Shore's Gold Coast Realty | $399,000 | |
| Listed by North Shore's Gold Coast Realty | |||
| | |||
|
Tastefully renovated in 2019. This three level condo is perfectly situated near Gloucester's scenic harbor, downtown, Pavilion Beach, Fisherman's Memorial, and the Beauport Hotel. An inviting front entrance with coat rack bench and staircase leading to 2nd and 3rd level of living space. Spacious 4 bedroom condo w/ 2 full bathrooms. Quality designed kitchen w/ granite counter tops, stainless appliances, new center island w/ bar chairs, fabulous tile backsplash, and custom built cabinets. Gleaming beautiful refinished pine floors on both levels and original period details throughout this very well maintained home. The living room features a large bow window that offers lots of natural light. Oversized dining room is a plus with original corner cabinet. A nicely updated full bathroom on each level. New Samsung oversized front loading washer/dryer. Great vacation retreat or live on Cape Ann year round!
| |||
| May 22, 2020 | Sold | ||
| Sold | |||
| Jan 23, 2020 | Listed by J. Barrett & Company | $354,900 | |
| Listed by J. Barrett & Company | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/05/2021
|
4 Bed
|
2 Bath
|
1824 ft²
|
$399,000
4 Bed
2 Bath
1824 ft²
|
$375,000
-6.02%
12/14/2021
|
Tracy Gothie
J. Barrett & Company
| |
|
01/23/2020
|
4 Bed
|
2 Bath
|
1824 ft²
|
$354,900
4 Bed
2 Bath
1824 ft²
|
$352,750
-0.61%
05/22/2020
|
Tracy Gothie
J. Barrett & Company
| |
|
09/18/2019
|
1 Bed
|
1 Bath
|
730 ft²
|
$235,000
1 Bed
1 Bath
730 ft²
|
$235,000
11/08/2019
|
Michelle Theriault
Engel & Volkers By The Sea
| |
|
09/18/2019
|
2 Bed
|
1 Bath
|
1164 ft²
|
$319,000
2 Bed
1 Bath
1164 ft²
|
$300,000
-5.96%
12/27/2019
|
Michelle Theriault
Engel & Volkers By The Sea
| |
|
09/18/2019
| |
2 Bed
|
1 Bath
|
1164 ft²
|
$339,000
2 Bed
1 Bath
1164 ft²
|
$300,000
-11.50%
12/27/2019
|
Michelle Theriault
Engel & Volkers By The Sea
|
|
05/16/2018
| |
6 Bed
|
3 Bath
|
2848 ft²
|
$338,000
6 Bed
3 Bath
2848 ft²
|
$377,000
+11.54%
07/10/2018
|
Rick Petralia
Churchill Properties
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017