232 Main St. #1
About This Property
The manager has listed the unit size as 2882 square feet.
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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 |
|---|---|---|---|
| May 13, 2024 | Sold | ||
| Sold | |||
| Mar 14, 2024 | In contract | - | |
| In contract | |||
| Mar 8, 2024 | Listed | $349,900 | |
| Listed | |||
| | |||
|
Large retail condo on Main Street in high visibility area! This storefront features high ceilings, floor to ceiling front windows, a newer gas furnace, off-street parking for one car, an attached garage for loading and deliveries and ample additional space, plus loft storage. Potential to subdivide the space. High traffic location in downtown Gloucester!
| |||
| Jul 17, 2019 | No longer available | - | |
| No longer available | |||
| Mar 19, 2019 | Listed | $249,900 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/08/2024
|
Loft
|
1 Bath
|
2882 ft²
|
$349,900
Loft
1 Bath
2882 ft²
|
$350,000
+0.03%
05/13/2024
|
Mark Vadala
Vadala Real Estate
| |
|
03/19/2019
|
Studio
|
-
|
2882 ft²
|
$249,900
Studio
-
2882 ft²
|
-
-
|
-
| |
|
09/12/2017
|
3 Bed
|
1 Bath
|
1200 ft²
|
$145,000
3 Bed
1 Bath
1200 ft²
|
$127,500
-12.07%
10/31/2017
|
Stephanie Walsh
Better Homes and Gardens Real Estate - The Shanahan Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017