249 Groton #1
About This Property
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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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 11, 2024 | Temporarily off market | - | |
Temporarily off market | |||
Aug 5, 2024 | Price Decreased |
$699,900
↓ $9K
(1.3%)
|
|
Price Decreased | |||
Jul 30, 2024 | Price Increased |
$709,000
↑ $14K
(2%)
|
|
Price Increased | |||
Jul 30, 2024 | Sold | $695,000 | |
Sold | |||
Jul 23, 2024 | Price Decreased |
$719,000
↓ $10K
(1.4%)
|
|
Price Decreased |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/07/2023
|
3 Bed
|
3 Bath
|
2300 ft²
|
$695,000
3 Bed
3 Bath
2300 ft²
|
$695,000
07/30/2024
|
-
|
Suman Mahara
oNest Real Estate
|
|
03/06/1997
|
|
3 Bed
|
1 Bath
|
1612 ft²
|
$139,900
3 Bed
1 Bath
1612 ft²
|
$127,000
-9.22%
04/18/1997
|
-
|
Kimberly Finnegan
Parkhurst Realty
|
Building Info
- 1 Unit for Sale