347 Broadway #2
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 |
|---|---|---|---|
| Sep 10, 2024 | Sold | ||
| Sold | |||
| Aug 10, 2024 | In contract | - | |
| In contract | |||
| Jul 16, 2024 | Listed by Gibson Sotheby's International Realty | $2,250,000 | |
| Listed by Gibson Sotheby's International Realty | |||
| | |||
|
LAST UNIT LEFT! Mid-Cambridge. 347 Broadway is more than just a home - it is a launchpad for a true Cambridge experience! This location positions you right in the middle of all of the gustatory and cultural goodness in Inman, Central, Harvard, and Kendall Squares. Across the street, enjoy award-winning coffee at Barismo or drop into a midday meditation session at the gorgeously designed Peace House. Broadway Bicycle, a local institution since 1972, is there when your fixie needs fixing. This newly renovated and spacious 2,750+ SF townhome seamlessly blends living, dining, and kitchen spaces, ideal for entertaining, and culinary enthusiasts will love the kitchen’s workspaces and storage. With 3 bedrooms and 4.5 baths, including two primary suites, there's room for everyone. The living space extends into the lower level w/ two rooms, a full bath and storage. The expansive mahogany deck allows for a serene outdoor retreat, and dedicated parking that's EV charging ready seals the deal.
| |||
| Apr 10, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 28, 2024 | Listed by Gibson Sotheby's International Realty | $2,450,000 | |
| Listed by Gibson Sotheby's International Realty | |||
| | |||
|
Mid-Cambridge. 347 Broadway is more than just a home - it is a launchpad for a true Cambridge experience! This location positions you right in the middle of all of the gustatory and cultural goodness in Inman, Central, Harvard, and Kendall Squares. Across the street, enjoy award-winning coffee at Barismo or drop into a midday meditation session at the super Zen and gorgeously designed Peace House. Broadway Bicycle, a local institution since 1972, is there when your fixie needs fixing. This newly renovated and spacious 2,750+ SF townhome seamlessly blends living, dining, and kitchen spaces, ideal for entertaining, and culinary enthusiasts will love the kitchen’s ample workspace and storage. With 3 bedrooms and 4.5 baths, including two primary suites, there's room for everyone. The living space extends into the lower level w/ two rooms, a full bath and storage. The expansive mahogany deck allows for a serene outdoor retreat, and dedicated parking that's EV charging ready seals the deal!
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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 |
|---|---|---|---|---|---|---|---|
|
02/28/2024
|
3 Bed
|
5 Bath
|
-
|
$2,450,000
3 Bed
5 Bath
|
-
-
|
Lauren Holleran Team
Gibson Sotheby's International Realty
| |
|
04/09/2024
|
4 Bed
|
5 Bath
|
2836 ft²
|
$2,450,000
4 Bed
5 Bath
2836 ft²
|
$2,200,000
-10.20%
07/25/2024
|
Currier, Lane & Young
Compass
| |
|
04/14/2022
| |
10 Bed
|
3 Bath
|
7454 ft²
|
$3,250,000
10 Bed
3 Bath
7454 ft²
|
$2,850,000
-12.31%
08/09/2022
|
Matt Gorman
EDGE Realty Advisors
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017