40 Middle Street #2
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%.
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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.
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 |
|---|---|---|---|
| Nov 24, 2025 | Sold | ||
| Sold | |||
| Oct 11, 2025 | In contract | - | |
| In contract | |||
| Sep 25, 2025 | Listed by Churchill Properties | $465,000 | |
| Listed by Churchill Properties | |||
| |||
|
Discover the perfect balance of modern luxury and coastal charm in this meticulously restored condo in the heart of Gloucester. Offering a bright, open floor plan with soaring ceilings, oversized windows, and designer finishes, this home welcomes you with warmth and style. The gourmet kitchen is fully equipped with high-end appliances and sleek cabinetry, ideal for both everyday living and entertaining. Just steps from Gloucester’s vibrant downtown, you’ll enjoy easy access to dining, shopping, cultural attractions, and the harborfront. Available furnished, this residence offers a turnkey opportunity to embrace your dream coastal lifestyle.
| |||
| Oct 15, 2024 | Sold | ||
| Sold | |||
| Sep 9, 2024 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/22/2026
|
3 Bed
|
1 Bath
|
930 ft²
|
$479,000
3 Bed
1 Bath
930 ft²
|
$485,000
+1.25%
06/03/2026
|
Waypoint Realty Group
Coldwell Banker Realty - Boston
| |
|
09/25/2025
|
2 Bed
|
1 Bath
|
835 ft²
|
$465,000
2 Bed
1 Bath
835 ft²
|
$450,000
-3.23%
11/24/2025
|
Jane Meterparel & Brian Marvelley
Churchill Properties
| |
|
01/16/2025
|
3 Bed
|
1 Bath
|
930 ft²
|
$499,000
3 Bed
1 Bath
930 ft²
|
$475,000
-4.81%
03/27/2025
|
Shoshanah Collins
Boston Metropolitan Realty
| |
|
09/27/2024
|
3 Bed
|
1 Bath
|
820 ft²
|
$499,999
3 Bed
1 Bath
820 ft²
|
$475,000
-5.00%
11/22/2024
|
Caroline Bramhall
Churchill Properties
| |
|
08/28/2024
|
1 Bed
|
1 Bath
|
517 ft²
|
$325,000
1 Bed
1 Bath
517 ft²
|
$305,000
-6.15%
11/15/2024
|
Shoshanah Collins
Boston Metropolitan Realty
| |
|
08/27/2024
|
2 Bed
|
1 Bath
|
835 ft²
|
$429,000
2 Bed
1 Bath
835 ft²
|
$435,000
+1.40%
10/15/2024
|
Shoshanah Collins
Boston Metropolitan Realty
| |
|
11/03/2023
| |
10 Bed
|
6 Bath
|
6731 ft²
|
$1,599,900
10 Bed
6 Bath
6731 ft²
|
$1,465,000
-8.43%
02/02/2024
|
Salvatore DiMercurio
Keller Williams Realty Evolution
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017