240 Atlantic Avenue
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%.
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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.
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 |
|---|---|---|---|
| Nov 3, 2021 | Sold | ||
| Sold | |||
| Sep 28, 2021 | No longer available | - | |
| No longer available | |||
| Sep 15, 2021 | Price Decreased |
$549,900
↓ $50K
(8.3%) | |
| Price Decreased | |||
| Jul 7, 2021 | Price Decreased |
$599,900
↓ $50K
(7.7%) | |
| Price Decreased | |||
| Jun 5, 2021 | Listed by Bean Group/ Stratham | $649,900 | |
| Listed by Bean Group/ Stratham | |||
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Desirable location classic cape home with a commercial opportunity near the center of town add a business transform house to a buisness a few miles from the beach perfect spot for office condos, medical office. This property is zoned R1 residental and commercial. enter into a spacious family room this bright and sunny well maintained home exudes warmth from the minute you walk in. It is filled with charator and charm! Enter into spacious family room with plenty of windows and natural light, leading tp cozy eat in kitchen. Large front living room with hardwood floors. Master bedroom with a office/den with a full bath on the first floor. Ustairs has 2 large bedrooms with eve storage. Attached 2 car garage with storage. Sit on your back deck which overlooks a wonderful private landscaped yard with mature trees and a walking trail on 1.92 acres. Within walking distance to schools, shops, and resturants. With easy access to Rt 1, 101 and 95 and all major routes for commuters 15 minutes to Portsmouth & Exeter 1 hour to Boston.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017