Lot 2 Concord 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 |
|---|---|---|---|
| Sep 27, 2018 | Sold | ||
| Sold | |||
| Feb 22, 2018 | Listed by J. Barrett & Company | $264,900 | |
| Listed by J. Barrett & Company | |||
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Build your dream home on this fabulous private 9.48 acre approved building lot offering privacy and fantastic water views. This home site is set on a private way off of Concord Street. Located in West Gloucester, a few minutes to 128 and the commuter rail. An easy and convenient commute in to Boston. A short drive to Gloucester's beautiful Wingaersheek Beach. The 4 bedroom septic design is almost complete. Start building your home this Spring and make this site your new residence! Shown by appointment only. Please do not walk the property unaccompanied,
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| Jul 22, 1996 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017