167 Union St
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 6, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| May 2, 2024 | Price Decreased |
$899,900
↓ $89K
(9%) | |
| Price Decreased | |||
| Apr 2, 2024 | Listed by Keller Williams Elite | $989,000 | |
| Listed by Keller Williams Elite | |||
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Own a visible property on one of (if not “the”) busiest corners in Franklin. This beauty of a house and commercial style garage sits at the corner of West Central and Union Street across from Davis Thayer. Owner has concept plans to separate into 3 lots. (See attached) It's lifelong use has been a Trucking Company. Though its zoning is residential 4. MLS PUBLIC RECORD SHOWS USE AS MIXED USE - PRIM RESD & COMM. This property will need a creative and savvy new owner to bring it to the next level. All information must be acquired through buyers hired professionals and the Town of Franklin. Seller has never lived in the property and has no prior statement of property condition. Please perform your due diligence as our office is marketing the property as is/where is with no warranties. Good luck! This is a property that many people have admired over the years and will hopefully still do so in the years to come.
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| Aug 29, 2023 | Sold | ||
| Sold | |||
| Jun 9, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017