381 Old Colony 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 |
|---|---|---|---|
| Jun 1, 2020 | Sold | ||
| Sold | |||
| Jan 25, 2020 | Listed by Cross Real Estate | $195,000 | |
| Listed by Cross Real Estate | |||
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Old Colony Road is Route 123, the main East/West route through Norton. Commercial one acre, partially wooded, elevated, level parcel with existing two car residential garage. Lot surveyed and staked. Electric, cable, public water and gas at street. Septic needed. Curb cut. Call today for more information!
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Address: 335 Madison Avenue, New York, NY 10017