3 Royce Place #3
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%.
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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 2, 2021 | Sold | ||
| Sold | |||
| Jan 6, 2021 | Listed by Hestia | $1,299,000 | |
| Listed by Hestia | |||
| | |||
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Single family charm meets condo convenience in this brand-new, ground up construction 4 level home located less than 1 mile from Assembly Row! Featuring a stunning kitchen with sleek two-toned cabinetry, stainless steel appliances & a generously sized quartz waterfall countertop with bar seating. Modern open layout, high ceilings, recessed lighting & beautiful red oak hardwood flooring sprawl throughout three levels of this home. The main living space expands down into the finished lower level, ideal for an exercise room, play area or designated hangout spot! The second floor offers two spacious bedrooms, one of which either could be the perfect work from home space having a private balcony to step out on for fresh air. Allowing for privacy, the sun drenched penthouse master suite awaits you on the top level of this home. Central heating & cooling, Navien tankless hot water & energy efficient spray foam insulation make for comfortable living. That’s not all! Deeded parking & storage.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/06/2021
|
3 Bed
|
3 Bath
|
2731 ft²
|
$1,299,000
3 Bed
3 Bath
2731 ft²
|
$1,265,438
-2.58%
08/02/2021
|
Manuel Sarkis
Douglas Elliman Real Estate
| |
|
01/06/2021
|
3 Bed
|
3 Bath
|
1910 ft²
|
$899,000
3 Bed
3 Bath
1910 ft²
|
$930,000
+3.45%
08/03/2021
|
Ryan Glass
Century 21 Marella Realty
| |
|
04/25/2016
| |
6 Bed
|
3 Bath
|
2858 ft²
|
$1,100,000
6 Bed
3 Bath
2858 ft²
|
$900,000
-18.18%
10/04/2016
|
Anthony Bevilacqua
929 Real Estate.com/Cambridge Real Estate Associates.com
|
Building Info
About East Somerville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017