232 South Main #232
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 6, 2018 | Sold | ||
| Sold | |||
| Aug 16, 2018 | Listed by Prestige Realty Experts Inc. | $99,900 | |
| Listed by Prestige Realty Experts Inc. | |||
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Location Location Location 10 second walk to the New Fall River Justice Building. Excellent retail or office commercial condo unit on the first floor. Currently being used by a commercial tenant. Owner of the commercial condo is retiring and selling the unit, the current long term tenant's lease is up in June but is planning on renewing. Inquire with agent for more details. Please do not go into the business without an appointment. There is an additional 900 square feet of basement for storage.
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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 |
|---|---|---|---|---|---|---|---|
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08/11/2022
|
Loft
|
-
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$189,900
Loft
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|
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|
Joseph Melendez
Ponte & Associates Real Estate
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08/16/2018
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Loft
|
-
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-
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$99,900
Loft
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$90,000
-9.91%
12/06/2018
|
Gil Diniz
Prestige Realty Experts Inc.
|
Building Info
- 1 Unit for Sale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017