37-43 Crescent Street
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 |
|---|---|---|---|
| Jun 13, 2024 | Sold | ||
| Sold | |||
| Apr 5, 2023 | Relisted | $1,400,000 | |
| Relisted | |||
| Feb 21, 2023 | In contract | - | |
| In contract | |||
| Feb 3, 2023 | Listed by Collins & Demac Real Estate | $1,400,000 | |
| Listed by Collins & Demac Real Estate | |||
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Prime commercial land centrally located abutting Rte 290 in the heart of Worcester. Nearly 1.2 acres of prime, level land perfect for a variety of uses... commercial manufacturing, distribution, R&D, office, warehouse, storage etc. Zoning is MG-2. Utilities (water, sewer & electric) at the street. Easy access to Lincoln Square & Rte 290. Former uses of the property include the storage of school buses and prior to that was a coal storage and distribution business.
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| Aug 10, 1999 | Sold | ||
| Sold | |||
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