229 Beacon Street #1
About This Property
Listed By
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Cap Rate Calculator
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 |
---|---|---|---|
Mar 24, 2025 | In contract | - | |
In contract | |||
Mar 4, 2025 | Price Decreased |
$670,000
↓ $9K
(1.3%) | |
Price Decreased | |||
Feb 13, 2025 | Price Decreased |
$679,000
↓ $16K
(2.3%) | |
Price Decreased | |||
Jan 7, 2025 | Price Decreased |
$695,000
↓ $15K
(2.1%) | |
Price Decreased | |||
Dec 2, 2024 | Listed by Compass | $710,000 | |
Listed by Compass |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/28/2024
|
1 Bed
|
1 Bath
|
724 ft²
|
$725,000
1 Bed
1 Bath
724 ft²
|
-
-
|
-
|
Frank Carroll Homes Team
Compass
| |
03/20/2019
|
2 Bed
|
2 Bath
|
1236 ft²
|
$1,295,000
2 Bed
2 Bath
1236 ft²
|
$1,325,000
+2.32%
06/14/2019
|
-
|
Richard Egan
Coldwell Banker Realty - Back Bay
| |
09/05/2017
|
2 Bed
|
2 Bath
|
1108 ft²
|
$1,300,000
2 Bed
2 Bath
1108 ft²
|
$1,262,500
-2.88%
10/20/2017
|
-
|
Karyn Pellow
Donnelly + Co.
| |
07/31/2017
|
1 Bed
|
1 Bath
|
724 ft²
|
$575,000
1 Bed
1 Bath
724 ft²
|
$550,000
-4.35%
11/17/2017
|
-
|
Frank Carroll
Compass
| |
03/09/2015
|
3 Bed
|
3 Bath
|
2377 ft²
|
$2,175,000
3 Bed
3 Bath
2377 ft²
|
$2,180,000
+0.23%
08/04/2015
|
Julie Harrison
William Raveis R.E. & Home Services
| ||
02/18/2015
|
2 Bed
|
2 Bath
|
1108 ft²
|
$997,000
2 Bed
2 Bath
1108 ft²
|
$1,050,000
+5.32%
04/30/2015
|
-
|
Judy Pagano
Gibson Sotheby's International Realty
| |
02/28/2008
|
1 Bed
|
1 Bath
|
1322 ft²
|
$835,000
1 Bed
1 Bath
1322 ft²
|
$872,000
+4.43%
06/09/2008
|
-
|
Danny Shipman
Redfin Corp.
|
Building Info
