39 School 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 |
|---|---|---|---|
| Jun 27, 2024 | Sold | ||
| Sold | |||
| May 8, 2024 | Listed by Vadala Real Estate | $559,000 | |
| Listed by Vadala Real Estate | |||
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39 School Street is your chance to own a private oasis in the heart of downtown Gloucester! Just one block from the commuter rail, less than a mile to 128 and to the harbor, this single family home has 3-4 bedrooms, 1.5 baths and a separate outbuilding with plumbing, heat & electric. The open concept first floor offers living room/dining room combo with wood burning stove & slider to the back patio. The upgraded kitchen has semi-custom soft-close cherry cabinets, stainless appliances & soothing quartz counters. Recently updated full bath is located off the kitchen. The wide staircase leads to a 2nd floor landing perfect for a reading/sitting room. Two bedrooms & the half bath with marble vanity are also on the second floor. The third floor has been tastefully finished into a 3rd bedroom and generous office space both with updated baseboard heating. Original fir & wide pine floors are found throughout the 2nd & 3rd floors. New gas boiler and HW tank along with 200 amp electric.
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| Nov 2, 2012 | Sold | ||
| Sold | |||
| Sep 18, 2012 | Listed by Vadala Real Estate | $199,900 | |
| Listed by Vadala Real Estate | |||
| Aug 27, 1997 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017