3 South 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 |
|---|---|---|---|
| Aug 30, 2013 | Sold | ||
| Sold | |||
| Jul 3, 2013 | Listed by J. Barrett & Company | $339,000 | |
| Listed by J. Barrett & Company | |||
| Jun 21, 2010 | Listed by Century 21 N. Shore | $348,900 | |
| Listed by Century 21 N. Shore | |||
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Location Location Location! Move right into this quaint Cape in a LOW traffic neighborhood within Steps of the Lovely Obear park and Danvers River. Smell the Ocean Breeze and enjoy the fire pit in the private LEVEL yard. Roof and Kitchen redone in 2010! 5 yr old high energy efficient Pellet Stove keeps your warm throughout the cold New England Winters complimented with Replacement windows. Your heat and a/c are as only good as your insulation. Clean sale, not bank owned..come make an offer
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| Jul 14, 2000 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017