26 & 28 Eliot Street
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 |
|---|---|---|---|
| Jun 19, 2020 | Sold | ||
| Sold | |||
| Apr 14, 2020 | Listed by Red Tree Real Estate | $450,000 | |
| Listed by Red Tree Real Estate | |||
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Unique residential development opportunity to convert this landmark building into 5 luxury residences in the heart of South Natick Village. Ideal location only 2 miles from Wellesley Square Commuter Rail and just steps from all that South Natick Village offers including Bacon Free Library, restaurants, coffee shop, waterfall, aqueduct trails, Massachusetts Horticultural Society at Elm Bank Reservation and recreational access to the Charles River. Preliminary design of 5 residential units has regulatory approval by the Natick planning board. Final building permit subject to historic and planning board approval.
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Address: 335 Madison Avenue, New York, NY 10017