40 Tappan St #40
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 |
|---|---|---|---|
| Oct 28, 2020 | Sold | ||
| Sold | |||
| Aug 3, 2020 | Listed by Simple Key Realty Inc. | $399,900 | |
| Listed by Simple Key Realty Inc. | |||
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Let out the interior designer in you with this white canvas! You'll love the hardwood flooring throughout and the expansive open floor plan delivering the perfect live-work-play space, with a granite kitchen and a wealth of natural light throughout. On the exterior is a large private rear porch, a side yard, and garage parking. For more green space and outdoor activities, the nearby park provides for plenty. Feeling out of good options in Boston, Cambridge, Medford, and Somerville areas? Come to neighboring Everett, where you can get a fantastic home for less and still enjoy all these nearby cities have to offer, including access to public transportation, endless shopping options, and many thriving dining/entertainment communities. Come see if this is your next home!!
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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 |
|---|---|---|---|---|---|---|---|
|
08/03/2020
|
4 Bed
|
1 Bath
|
1800 ft²
|
$399,900
4 Bed
1 Bath
1800 ft²
|
$410,000
+2.53%
10/28/2020
|
Albert Silva
Albert Invest Realty Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017