40 Bow Street #1
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 10, 2023 | Sold | ||
| Sold | |||
| Jul 18, 2023 | In contract | - | |
| In contract | |||
| Jul 10, 2023 | Listed by Century 21 North East | $399,900 | |
| Listed by Century 21 North East | |||
| | |||
|
Don't miss out on the opportunity to reside in this wonderful, well-lit, and roomy first-floor condominium situated on a peaceful side street right in the heart of Downtown Beverly. Instead of renting, consider owning this delightful two-bedroom, one-bathroom condo. The property is conveniently positioned within half a mile of the MBTA Beverly Depot and just three miles from Route 128. Inside the condo, you'll find hardwood floors, tall ceilings, an inviting open floor plan, and ample storage space in the closets. The layout is perfect for hosting gatherings with your loved ones. The kitchen is fully equipped with stainless steel appliances, a gas range for cooking, and updated lighting in the kitchen and dining area. You can enjoy outdoor spaces on both the front porch and behind the building. In the basement, you'll have additional private storage available, along with your own dedicated washer and dryer. The location is fantastic, just a few blocks to the beach!
| |||
| Oct 6, 2021 | Sold | ||
| Sold | |||
| Sep 9, 2021 | Listed by MRM Associates | $349,900 | |
| Listed by MRM Associates | |||
| | |||
|
Don't miss your chance to live in this bright, and spacious first-floor condo on a quiet side street in the heart of Downtown Beverly. Why rent when you can own this charming two-bedroom, 1 bath first-floor condo. The property is located less than a half-mile from the MBTA Beverly Depot and 3 miles to Route 128! The condo has gleaming hardwood floors throughout, high ceilings, an open floor plan, and plenty of closet space. Great floorplan for entertaining family and friends. The kitchen is fully equipped with stainless steel appliances, a gas range for cooking, and updated lighting in the kitchen & dining area. Common outdoor space is available on both the front porch and behind the building. Additional private storage is located in the basement along with a dedicated washer and dryer. Fantastic location near shops, fabulous restaurants, the waterfront and so much more!
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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 |
|---|---|---|---|---|---|---|---|
|
07/10/2023
|
2 Bed
|
1 Bath
|
960 ft²
|
$399,900
2 Bed
1 Bath
960 ft²
|
$425,000
+6.28%
08/10/2023
|
Fermin Group
Century 21 North East
| |
|
09/09/2021
|
2 Bed
|
1 Bath
|
960 ft²
|
$349,900
2 Bed
1 Bath
960 ft²
|
$363,000
+3.74%
10/06/2021
|
Gayle Winters
Leading Edge Real Estate
| |
|
03/30/2021
|
2 Bed
|
1 Bath
|
1038 ft²
|
$329,900
2 Bed
1 Bath
1038 ft²
|
$345,000
+4.58%
06/04/2021
|
Naomi Trager
Fireside Real Estate
| |
|
09/26/2020
|
2 Bed
|
1 Bath
|
983 ft²
|
$334,900
2 Bed
1 Bath
983 ft²
|
$337,000
+0.63%
11/23/2020
|
Leonette Strout
Keller Williams Realty Evolution
| |
|
05/08/2018
|
2 Bed
|
1 Bath
|
960 ft²
|
$239,000
2 Bed
1 Bath
960 ft²
|
$245,000
+2.51%
06/25/2018
|
Melissa Abrahams
Century 21 Commonwealth
| |
|
12/23/2015
|
2 Bed
|
1 Bath
|
1038 ft²
|
$189,899
2 Bed
1 Bath
1038 ft²
|
$188,000
-1.00%
06/29/2016
|
Diane Polley
Churchill Properties
| |
|
03/20/2014
|
2 Bed
|
1 Bath
|
983 ft²
|
$195,000
2 Bed
1 Bath
983 ft²
|
$195,000
05/23/2014
|
Leonette Strout
Keller Williams Realty Evolution
| |
|
03/02/2014
|
2 Bed
|
1 Bath
|
980 ft²
|
$189,900
2 Bed
1 Bath
980 ft²
|
$193,000
+1.63%
05/21/2014
|
John B. Engelhardt
Vernon A. Martin, Inc.
| |
|
06/13/2012
|
2 Bed
|
1 Bath
|
1038 ft²
|
$182,000
2 Bed
1 Bath
1038 ft²
|
$178,500
-1.92%
11/14/2012
|
Nancy Judge
Keller Williams Realty
| |
|
05/26/2011
|
2 Bed
|
1 Bath
|
1038 ft²
|
$178,888
2 Bed
1 Bath
1038 ft²
|
-
-
|
Robert Cassano
Unity Realty
| |
|
08/31/2010
|
2 Bed
|
1 Bath
|
1038 ft²
|
$178,500
2 Bed
1 Bath
1038 ft²
|
-
-
|
Jenny May
J. Barrett & Company
| |
|
04/06/2010
|
2 Bed
|
1 Bath
|
983 ft²
|
$179,900
2 Bed
1 Bath
983 ft²
|
$179,900
06/03/2010
|
Gary Blattberg
RE/MAX 360
| |
|
05/11/2009
|
2 Bed
|
1 Bath
|
1038 ft²
|
$187,500
2 Bed
1 Bath
1038 ft²
|
-
-
|
Susan Noble
William Raveis R.E. & Home Services
| |
|
05/29/2007
|
2 Bed
|
1 Bath
|
980 ft²
|
$209,000
2 Bed
1 Bath
980 ft²
|
$208,500
-0.24%
08/31/2007
|
Laurie Phillips
ERA Morrison Real Estate
| |
|
09/20/2005
|
2 Bed
|
1 Bath
|
1000 ft²
|
$189,900
2 Bed
1 Bath
1000 ft²
|
$187,000
-1.53%
08/15/2006
|
Alice Miller
Coldwell Banker Residential Brokerage - Worcester - Shrewsbury St.
| |
|
09/20/2005
|
2 Bed
|
1 Bath
|
980 ft²
|
$199,900
2 Bed
1 Bath
980 ft²
|
$193,500
-3.20%
03/13/2006
|
Alice Miller
Coldwell Banker Residential Brokerage - Worcester - Shrewsbury St.
| |
|
09/20/2005
|
2 Bed
|
1 Bath
|
980 ft²
|
$199,900
2 Bed
1 Bath
980 ft²
|
$192,000
-3.95%
01/20/2006
|
Alice Miller
Coldwell Banker Residential Brokerage - Worcester - Shrewsbury St.
| |
|
03/23/1999
| |
9 Bed
|
-
|
2000 ft²
|
$339,900
9 Bed
-
2000 ft²
|
$324,000
-4.68%
06/01/1999
|
Jacquelyn Gagnon
J.Gagnon Real Estate Associates
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017