279 Concord 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 |
|---|---|---|---|
| Jul 6, 2015 | Sold | ||
| Sold | |||
| Oct 9, 2014 | Listed by J. Barrett & Company | $800,000 | |
| Listed by J. Barrett & Company | |||
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Spectacular views across the everchanging salt marsh, tidal creeks, the Essex River and Crane's Beach, to the Atlantic Ocean beyond. A rare offering, this family compound consists of an existing bungalow style home with a detached guest cottage, both situated at the best possible location on the lot to insure panoramic views. There is a large detached garage and outbuildings, to renovate or remove. Ancient stone walls circle the rolling natural landscape, glacial granite outcroppings, and a very special driveway , lined with tall pines, ensure your privacy. Renovate or rebuild, this location is unique, beautiful, and waiting to start its next chapter. Buyer to install new appoved Title V , 3 bedroom septic system.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017