4 Prospect Sq #1
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 |
|---|---|---|---|
| Mar 16, 2020 | Sold | ||
| Sold | |||
| Jan 6, 2020 | Listed by Venice Real Estate, LLC | $349,000 | |
| Listed by Venice Real Estate, LLC | |||
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What's better than dropping your bags at the door & starting to enjoy your new home the MOMENT you own it? Steps to the commuter rail (1/2 mile), steps to downtown restaurants, coffee shops, the library, churches, and shopping. One way street offers proximity to all the conveniences and charm of central Gloucester, in this newly renovated federal style building. Wondering what's new at 4 Prospect Square, Unit 1? Start with the roof, the insulation, the walls, kitchen, 2.5 tiled baths, floors (hickory and tile), double-paned windows, on-demand hot water unit, & a gas-fired heating system with central air conditioning! You will have such easy access to all your favorite Gloucester events, celebrations, Fiesta, beaches and commuting (train & highway) from this lovely, hidden neighborhood. Interior pictures are representative of Unit 1, not actual. Please note: no off-street parking with Unit 1. Condo docs in progress. Taxes, assessed value & association fee be determined.
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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 |
|---|---|---|---|---|---|---|---|
|
01/06/2020
|
3 Bed
|
3 Bath
|
1453 ft²
|
$349,000
3 Bed
3 Bath
1453 ft²
|
$338,000
-3.15%
03/16/2020
|
Debra Clemenzi
Suffolk Real Estate, LLC
| |
|
12/27/2019
|
3 Bed
|
3 Bath
|
1480 ft²
|
$399,000
3 Bed
3 Bath
1480 ft²
|
$383,000
-4.01%
02/14/2020
|
Lane Team
North Shore's Gold Coast Realty
| |
|
11/06/2018
| |
5 Bed
|
2 Bath
|
2472 ft²
|
$175,000
5 Bed
2 Bath
2472 ft²
|
$175,000
12/14/2018
|
Patty Knaggs
Carlson GMAC Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017