162 School Street
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 4, 2024 | Sold | ||
| Sold | |||
| Mar 21, 2024 | In contract | - | |
| In contract | |||
| Mar 7, 2024 | Listed by Gibson Sotheby's International Realty | $1,099,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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Schedule a Private Showing for a Fantastic opportunity to restore this classic Colonial-style home set on over 10,000sf of land in the heart of Belmont. The traditional layout offers a formal front-to-back living room with fireplace, dining room with French doors to foyer, kitchen with breakfast nook, and ½ bathroom. A bonus den overlooking the level backyard completes this floor. The second floor features a primary bedroom with ensuite ¾ bathroom plus 3 additional bedrooms and hall bathroom. The access to the partially finished 3rd floor is via stairs from 2nd floor hallway. There is a partially finished basement with fireplace and 2-car attached garage. Close to schools, bus to Harvard Square, Commuter Rail & Belmont Center shops & restaurants. This home needs significant repairs & updates.It will not qualify for conventional financing. The water has been shut off & heat turned off as home has not been lived in recently. All visitors must sign release before accessing the property.
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| Jan 31, 1975 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017