196 Main Street #3
About This Property
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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%.
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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 1, 2013 | Sold | ||
| Sold | |||
| Apr 5, 2013 | Listed by Pinnacle Fine Homes & Investments | $339,000 | |
| Listed by Pinnacle Fine Homes & Investments | |||
| | |||
|
The Residences at Seaport is downtown living at it's finest.This single level unit with elevator access is move in ready! There is off street parking, and extra storage available. Walk to all that in town living in Gloucester has to offer.
| |||
| Dec 5, 2008 | Sold | ||
| Sold | |||
| Dec 19, 2007 | Listed by Coldwell Banker Realty - Gloucester | $355,000 | |
| Listed by Coldwell Banker Realty - Gloucester | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/31/2017
|
1 Bed
|
2 Bath
|
1210 ft²
|
$395,000
1 Bed
2 Bath
1210 ft²
|
$405,000
+2.53%
12/04/2017
|
Michele Allison-Elwell
Churchill Properties
| |
|
12/16/2015
|
2 Bed
|
2 Bath
|
1423 ft²
|
$409,000
2 Bed
2 Bath
1423 ft²
|
$99,500
-75.67%
01/25/2016
|
Ann Rick Gloucester Group
J. Barrett & Company
| |
|
10/30/2014
|
Loft
|
-
|
2400 ft²
|
$465,000
Loft
-
2400 ft²
|
$465,000
08/11/2015
|
Mark Vadala
Vadala Real Estate
| |
|
10/30/2014
|
Loft
|
-
|
600 ft²
|
$149,900
Loft
-
600 ft²
|
$124,000
-17.28%
08/11/2015
|
Mark Vadala
Vadala Real Estate
| |
|
04/05/2013
|
2 Bed
|
2 Bath
|
1271 ft²
|
$339,000
2 Bed
2 Bath
1271 ft²
|
$332,000
-2.06%
05/01/2013
|
George Kauss
Coldwell Banker Realty - Gloucester
| |
|
12/19/2007
|
2 Bed
|
2 Bath
|
1271 ft²
|
$355,000
2 Bed
2 Bath
1271 ft²
|
$320,000
-9.86%
12/05/2008
|
George Kauss
Coldwell Banker Realty - Gloucester
| |
|
02/15/2005
|
2 Bed
|
2 Bath
|
1250 ft²
|
$450,000
2 Bed
2 Bath
1250 ft²
|
$415,000
-7.78%
12/11/2006
|
Ann, Rick & Chris Gloucester Group
J. Barrett & Company
| |
|
01/29/2005
|
2 Bed
|
2 Bath
|
1206 ft²
|
$425,000
2 Bed
2 Bath
1206 ft²
|
$425,000
08/28/2007
|
Shelley Vincent
Holly C & Co. Fine Homes
| |
|
05/25/2004
|
2 Bed
|
2 Bath
|
1400 ft²
|
$449,000
2 Bed
2 Bath
1400 ft²
|
$407,500
-9.24%
05/10/2007
|
Ann Rick Gloucester Group
J. Barrett & Company
| |
|
05/25/2004
|
2 Bed
|
2 Bath
|
1210 ft²
|
$399,000
2 Bed
2 Bath
1210 ft²
|
$375,000
-6.02%
09/11/2006
|
Ann Rick Gloucester Group
J. Barrett & Company
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017