3 Central Terrace
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 |
|---|---|---|---|
| Dec 28, 2012 | Sold | ||
| Sold | |||
| May 15, 2012 | Listed by RPR | $425,000 | |
| Listed by RPR | |||
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This undeveloped, level lot is just 1.2 miles from Needham's town center with commuter rail station, restaurants and shopping. The location has great access to the elementary school, middle school and ball field. Public water, sewer and natural gas are on the street. Lot size is 12,286 square feet with 80 feet of road frontage.
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| May 14, 2010 | Sold | ||
| Sold | |||
| Feb 22, 2010 | Listed | $669,000 | |
| Listed | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017