35 Chapel St
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 |
|---|---|---|---|
| Oct 25, 2019 | Sold | ||
| Sold | |||
| Jul 29, 2019 | Listed by Engel & Volkers By the Sea | $475,000 | |
| Listed by Engel & Volkers By the Sea | |||
| Sep 19, 2018 | No longer available | - | |
| No longer available | |||
| Sep 8, 2018 | Listed | $449,000 | |
| Listed | |||
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A Colonial tucked away in the heart of East Gloucester is awaiting new owners to call it home. This charming single-family has the potential to be converted into a two-family residence that houses 8 rooms, including: 2 kitchens, 2 full baths and 3 bedrooms, along with a 2-car garage. It is the perfect home for owners looking for an additional living space or to rent for supplementary income. This property offers extra off-street parking with a driveway and detached garage, ideal for housing extra cars or for additional storage space. The appeal of this residence is that is centrally located in East Gloucester and nearby to the art colony, theatre, restaurants and only one mile from both Good Harbor and Niles Beach. Showings start at Open House, September 9, 11:30-1. The manager has listed the unit size as 1560 square feet.
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| Apr 22, 2009 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017