Lot 2 Cherry 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 |
|---|---|---|---|
| Feb 28, 2026 | Sold | ||
| Sold | |||
| Dec 28, 2025 | In contract | - | |
| In contract | |||
| Dec 3, 2025 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Nov 10, 2025 | Listed by Gibson Sotheby's International Realty | $450,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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Unique opportunity to build your dream home on a 2.2 acre lot in an established neighborhood and conveniently situated between Routes 9, 140 and 20, and minutes to the MBTA Commuter Rail. Set back from the road and surrounded by nature, stone walls and farmland, these lots were created with intention offering a buyer the opportunity to create their own retreat on an estate sized lot. With secluded access between 96 and 116 Cherry St, the lot travels straight back nearly 200' further into privacy until the lot opens up. This property overlooks the lower field of historic Stonewall Farm where horses are turned out daily to graze and features over 18 acres of manicured fields and ponds that have been maintained as farmland since the early days of Shrewsbury. Water and sewer available at the street.
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| Dec 16, 2016 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017