19
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40 Sargent Street
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 29, 2023 | In contract | - | |
| In contract | |||
| Dec 5, 2022 | Listed by North Shore's Gold Coast Realty | $1,750,000 | |
| Listed by North Shore's Gold Coast Realty | |||
| Dec 4, 2022 | No longer available | - | |
| No longer available | |||
| Jun 3, 2022 | Listed by North Shore's Gold Coast Realty | $1,750,000 | |
| Listed by North Shore's Gold Coast Realty | |||
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Rare 9.54 Acres of General Industrial zoned commercial land currently improved with 2 old warehouse buildings (5112 SF and 3200+- SF) in need of extensive repair or teardown. Excellent location with direct easy access to Rt. 128 via Schoolhouse Road to property. Very close proximity to Blackburn Industrial Park, Gloucester Crossing Shopping Plaza, and site of new YMCA/retail/apartment complex! Property has been recently surveyed and 21E environmental report from 2001 is on file for Buyer review. Property consists of 5 separate contiguous parcels. Allowed uses include manufacturing, processing, research, storage or warehouse, self storage facility, office building, tradesman or contractor yard, stone mason yard, and fuel or ice establishments. Site is mostly level and cleared. City water, city sewer, natural gas and electric services are all available at site. Other uses may be allowed but would require zoning board or city council approval.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017