2 Morrison Ave #A
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.
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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 31, 2023 | Sold | ||
| Sold | |||
| Apr 20, 2023 | In contract | - | |
| In contract | |||
| Apr 19, 2023 | Listed by MySellerAgent.com | $1,100,000 | |
| Listed by MySellerAgent.com | |||
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A beautiful three beds/2 bath condo in a prime location. Located on a prime location with direct access to the bike path and a short walk to 4 train stations and Davis Square. This unit is on the second floor with a private porch and high-end appliances—a spacious kitchen area with a custom hood and quartzite countertops. This project/unit was designed by one of the leading architectural firms in Somerville (Khalsa Design) with great attention to detail to the lower nose, among other units. The two other units were sold at the end of the construction, and this is the only one available for sale.*****4/20/2023 The seller accepted an offer: no Showings or open house.
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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 |
|---|---|---|---|---|---|---|---|
|
04/19/2023
|
3 Bed
|
2 Bath
|
1461 ft²
|
$1,100,000
3 Bed
2 Bath
1461 ft²
|
$1,150,000
+4.55%
05/31/2023
|
Vito Neshev
NextGen Realty, Inc.
|
Building Info
About Powder House
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$4,443 /mo
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- 1 Bath
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$4,325 /mo
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- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017