185 West Main 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 21, 2021 | Sold | ||
| Sold | |||
| May 6, 2021 | Listed by LAER Realty Partners | $185,000 | |
| Listed by LAER Realty Partners | |||
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Attention Builders & Developers, key location between Rte 2 and Ayer Commuter train to Boston and suburbs, for mixed use. Property being sold 'as is'.
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| Jan 26, 2010 | Listed | $250,000 | |
| Listed | |||
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Conceptual Plan completed for 20 condos. It is zoned general business. A special permit by the Zoning Board of Appeals to have multifamily housing allowed. Units in conceptual plan are 20x30 units with space for 2 car parking for each unit. Property is walking distance to downtown, near Deven's main gate and easy access to routes 110, 2 and 495. Could be a great deal for contractor.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017