2 Michaels Way #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 |
|---|---|---|---|
| Jul 2, 2004 | Sold | ||
| Sold | |||
| Dec 8, 2003 | Listed by Coldwell Banker Realty - Hingham | $225,000 | |
| Listed by Coldwell Banker Realty - Hingham | |||
| | |||
|
NEWLY CONSTRUCTED 55+ ADULT COMM. WITH ALL THE BELLS AND WHISTLES-OPEN FLOOR PLAN W/CATHEDRAL CEILINGS-HUGE LOFT-HUGE CLOSETS FOR STORAGE-ALL APPLIANCES-SO MUCH MORE- MINUTES FROM MA PIKE.
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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 |
|---|---|---|---|---|---|---|---|
|
12/08/2003
|
2 Bed
|
3 Bath
|
1636 ft²
|
$225,000
2 Bed
3 Bath
1636 ft²
|
$225,000
07/02/2004
|
Wendy Lorenson Wilson
Coldwell Banker Realty - Hingham
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017