3
Map
341 Broadway Road
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 |
|---|---|---|---|
| Jul 15, 2026 | No longer available | - | |
| No longer available | |||
| May 28, 2026 | Listed by All Star Realty, Inc. | $1 | |
| Listed by All Star Realty, Inc. | |||
| Apr 7, 2021 | Sold | ||
| Sold | |||
| Feb 3, 2020 | Listed by Cushman & Wakefield | $5,500,000 | |
| Listed by Cushman & Wakefield | |||
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Broadway Village is a fully permitted 278-unit apartment development opportunity located in Dracut, MA. The projects comprehensive permit allows for 278 rental units in four elevatored buildings on the expansive 47.5-acre site. The project is envisioned as four story wood framed construction with surface parking (at a ratio of +/- 2 spaces per unit) and 58 structured/garage spaces. The thoughtfully designed community is replete with abundant tenant amenity spaces, including café areas, lounges, pet grooming, outdoor grills, cinema room, fitness center, bike storage and a large courtyard lawn and swimming pool. Additionally, the site is accessible to major transportation routes, including I-93 and I-495, and convenient to various employment centers in northern Massachusetts, southern New Hampshire and areas north and west of Boston. MBTA commuter rail service to Boston’s North Station is available in Lowell (Lowell Station) just 3.5 miles, less than a 15-minute drive from the property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017