166 Eastern Ave
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 |
|---|---|---|---|
| May 19, 2021 | Sold | ||
| Sold | |||
| May 8, 2020 | Listed by Essex Realty Group | $430,000 | |
| Listed by Essex Realty Group | |||
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Rare commercial opportunity in the coastal town of Essex on 1.9 acres with 300’ of direct frontage on heavily travelled Rt 133 and 330’ of frontage on Harlow Street. The ideal location on the way to the summer colony of Conomo Point just 1.5 miles away on Essex Bay. A former restaurant for over two decades and an antique store, this highly visible corner lot is located on the sunny side of the street and is less than a mile from Rt 128 and town. There are multiple pre-existing buildings and hardtop pavement, two sewer hooks ups, a shed, and an old railroad car and plenty of parking. Excellent potential location for a café, ice cream shop, farm stand, antique store etc. Property being sold as is.
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| Sep 16, 1985 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017