40 Tower St
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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%.
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 |
|---|---|---|---|
| Sep 27, 2024 | Sold | ||
| Sold | |||
| Sep 10, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by The Greene Realty Group | $1,390,000 | |
| Listed by The Greene Realty Group | |||
| | |||
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Just steps from Davis & Porter Squares, this stunning Single-family home offers the perfect blend of historic charm & modern comfort. Meticulously restored to its original glory with contemporary accents, this home is a true gem in a prime Somerville location. Developed & designed by one of city's most renowned teams, this home boasts impeccable craftsmanship & attention to detail. Enjoy expansive living areas adorned with exquisite hardwood floors, creating a warm & inviting atmosphere. The flexible layout features 5 bedrooms, 2.5 baths, including a master suite with a walk-in closet. The chef's kitchen is a culinary dream, w/ custom imported cabinets, professional-grade appliances, gas cooking. NEW water heater, electrical, plumbing, high efficiency heat/cool HVAC, NEST, plenty storage space in basement. Expansive backyard, w/ mature trees. Don't miss this incredible opportunity to own a truly exceptional single-family home. Schedule your private showing today!
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| Apr 4, 2024 | Sold | ||
| Sold | |||
| Mar 13, 2024 | In contract | - | |
| In contract | |||
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About Powder House
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$3,158 /mo
- Studio
- 1 Bath
- 537 ft²
$4,225 /mo
- 2 Beds
- 2 Baths
- 1,040 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017