17 Cherry Street #2
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 |
|---|---|---|---|
| Sep 20, 2023 | No longer available | - | |
| No longer available | |||
| Jul 7, 2023 | No longer available | - | |
| No longer available | |||
| Jul 7, 2023 | Listed | $265,990 | |
| Listed | |||
| Nov 24, 2022 | Price Decreased |
$265,990
↓ $69K
(20.6%) | |
| Price Decreased | |||
| Oct 15, 2022 | Listed | $335,000 | |
| Listed | |||
| | |||
|
Each apartment has its own refrigeratorrange and most kitchen appliances, public water and sewer and electricity but not on separate meters. Largehome with mother-in-law apartment. or a rentable apartment with its own entrance., ample closets Three full baths, and large fireplace. Mostly paneled with Celotex ceilings. Wood burning fireplace with brick facing. One car garage, full cellar and new HWBB furnace oil tank and hot water heater in 2022. Ample rooms for rental purposes for seasonal guests. On ATV and snowmobile trails and view of Millinocket Stream. Near schools. Near Millinocket Stream, Crandall Park and Michaud Hiking Trail Front unit has combination bedroom and living room. Full kitchen and full bath. Has its own thermostat for heat control and each unit has a refrigerator and cook stove.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/19/2023
| |
4 Bed
|
3 Bath
|
2198 ft²
|
$175,000
4 Bed
3 Bath
2198 ft²
|
-
-
|
Norman {Jay} Peavey
Realty of Maine
|
|
07/07/2023
|
4 Bed
|
3 Bath
|
-
|
$265,990
4 Bed
3 Bath
|
-
-
|
Charles Theriault
Berkshire Hathaway HomeServices Northeast Real Estate
| |
|
10/15/2022
|
Studio
|
-
|
-
|
$335,000
Studio
-
|
-
-
|
Charles Theriault
Berkshire Hathaway HomeServices Northeast Real Estate
| |
|
09/27/2022
| |
4 Bed
|
3 Bath
|
-
|
$335,000
4 Bed
3 Bath
|
-
-
|
Charles Theriault
Berkshire Hathaway HomeServices Northeast Real Estate
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017