294 Beacon Street
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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 17, 2022 | Sold | ||
| Sold | |||
| Mar 3, 2021 | Listed by Capital Residential Group, LLC | $2,200,000 | |
| Listed by Capital Residential Group, LLC | |||
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Back on market. Fully approved! 5 luxury condominiums to be built with underground parking. This is the second phase of a two phase development. Phase one is a beautiful, brick and granite, Georgian building completed in 2017, which will complement phase two nicely. Lot is flat, right on the Cambridge line, with gas, sewer and electric on site. Prime location in walking distance to public transportation, Porter Square, Harvard Square, Davis Square and so many of the shops and restaurants that Cambridge and Somerville have to offer. Plans also call for 1,000 square feet of common outdoor garden space for the building with mature trees, shrubs, brick walkway, etc. Permit and variance timelines have been extended due to COVID 19 tolling.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017