34
Map
3 Babson Street #2
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2026 | In contract | - | |
| In contract | |||
| Oct 7, 2026 | Price Decreased |
$674,000
↓ $24K
(3.4%) | |
| Price Decreased | |||
| Sep 9, 2026 | Listed by RE/MAX Beacon | $698,000 | |
| Listed by RE/MAX Beacon | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/01/2024
|
1 Bed
|
1 Bath
|
1076 ft²
|
$499,000
1 Bed
1 Bath
1076 ft²
|
$517,000
+3.61%
12/05/2024
|
Mary Matthews
Coldwell Banker Realty - Gloucester
| |
|
07/27/2022
|
3 Bed
|
2 Bath
|
1500 ft²
|
$595,000
3 Bed
2 Bath
1500 ft²
|
$590,000
-0.84%
10/21/2022
|
Mary Matthews
Coldwell Banker Realty - Gloucester
| |
|
05/20/2016
| |
5 Bed
|
2 Bath
|
2104 ft²
|
$420,000
5 Bed
2 Bath
2104 ft²
|
$385,000
-8.33%
10/04/2016
|
Patty Knaggs
RE/MAX Advantage Real Estate
|
|
05/08/2007
| |
5 Bed
|
2 Bath
|
2565 ft²
|
$449,500
5 Bed
2 Bath
2565 ft²
|
$448,000
-0.33%
06/13/2007
|
David Leinberry
Passini Realty
|
|
01/07/1998
| |
7 Bed
|
-
|
-
|
$169,900
7 Bed
-
|
$151,800
-10.65%
06/29/1998
|
Frances White
North Shore's Gold Coast Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017