28 Chestnut 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 |
|---|---|---|---|
| Aug 27, 2025 | Sold | ||
| Sold | |||
| Jul 3, 2025 | In contract | - | |
| In contract | |||
| Jun 23, 2025 | Listed by Smith and Oak Real Estate Co. | $849,000 | |
| Listed by Smith and Oak Real Estate Co. | |||
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Located just minutes from Falmouth Town Landing and multiple marinas, this meticulously updated home offers the best of Cape Cod living, and is being sold FULLY FURNISHED! Enjoy quick access to Old Silver, Falmouth Heights, and Surf Drive beaches, downtown dining, the Shining Sea Bikeway, Woods Hole Aquarium, and ferry to Martha’s Vineyard. Inside, you’ll find cathedral ceilings, gleaming hardwood floors, skylights, stainless appliances, gas cooking, and a spa-like primary suite with balcony, soaking tub, and separate shower. The upstairs layout allows for an easy fourth bedroom conversion. Central air, tankless heat/hot water, full insulation, and lush landscaping complete the package. The unfinished basement has exterior access, and spans 867 sq. ft. Summer rents command $2,500/week ($11,250/month); off-season earns $3,500/month, with $73K gross annual income (6.9% cap). Use it seasonally and offset ownership with $28K in rental income—essentially a rebate for your Cape retreat.
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| Jun 11, 2025 | No longer available | - | |
| No longer available | |||
| Jun 10, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017