227 Atlantic Rd
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 |
|---|---|---|---|
| Oct 14, 2022 | Sold | ||
| Sold | |||
| May 3, 2022 | Listed by Engel & Volkers By the Sea | $2,000,000 | |
| Listed by Engel & Volkers By the Sea | |||
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Rare opportunity to build an approved 3 lot subdivision or an expansive multi home estate on Gloucester's exclusive back shore. Approved permitting for 3 single family homes, each with an accessory dwelling unit (ADU), on 13+ acres of private, wooded land. Two, 1+ acre lots and one, 9+ acre lot have been designed to offer privacy and separation from neighbors. Public water, sewer and utilities located at the street. Lots have been marked. Permits and Order of Conditions are in Hand. Parcel abuts conservation land and has many beautiful, mature trees including White & Black Pine, Oak, Maple, Birch and Beech trees. Located across the street from Brace Cove and just moments to Eastern Point, Bass Rocks Golf Course, Rocky Neck, Niles Beach and downtown Gloucester with convenient access to major routes to Boston and commuter rail.
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| Aug 14, 2003 | Sold | ||
| Sold | |||
| Jun 2, 2003 | Listed by Advisors Living - Gloucester | $1,200,000 | |
| Listed by Advisors Living - Gloucester | |||
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LONG GATED DRIVEWAYLEADS TO A SECLUDED BUILDING SITE FOR YOUR NEW FAMILY HOME...13.1 ACRES ENSURE PRIVACY. ALL UTILITIES ARE IN PLACE. OCEAN VIEWS - BORDERED BY GREENBELT.
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| Mar 19, 2002 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017