2 Morningside Drive
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 |
|---|---|---|---|
| Dec 9, 2024 | Sold | ||
| Sold | |||
| Oct 30, 2024 | In contract | - | |
| In contract | |||
| Oct 23, 2024 | Listed by J. Barrett & Company | $649,000 | |
| Listed by J. Barrett & Company | |||
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If “move-in-ready” tops your Must Have List, you need to see this Danvers charmer. Located in the Woodvale neighborhood, this 3-bedroom, 2-bath beauty has so much to offer: space (1,300+ sf), hardwood flooring, generous living room with a fireplace, ample dining area, office/playroom, and a fabulous kitchen with stainless appliances, granite countertops and plenty of cabinet space. The basement is finished, and the garage has a built-in wall storage system and new epoxy flooring. Even the fully fenced yard with a patio, play area and storage shed is ready for outdoor entertaining and play. Should you decide to venture from your front door, however, the Danvers Trail Rail is only two blocks away. Convenient location. Open House Friday 4-530, Saturday 1130-1 and Sunday 1130-1. Offers will be reviewed Tuesday at 3pm.
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| Jul 31, 2020 | Sold | ||
| Sold | |||
| Jun 10, 2020 | Listed by J. Barrett & Company | $479,000 | |
| Listed by J. Barrett & Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017