401 Concord Avenue
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 |
|---|---|---|---|
| Jul 2, 2024 | Sold | ||
| Sold | |||
| Apr 2, 2024 | Relisted | $950,000 | |
| Relisted | |||
| Mar 25, 2024 | In contract | - | |
| In contract | |||
| Mar 14, 2024 | Listed by Compass | $1,250,000 | |
| Listed by Compass | |||
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Attention developers - approved by Board of Zoning Appeals for two new construction condominiums. Plans available upon request. Outstanding location offering easy access to Fresh Pond and Harvard Square and across the street from the new Tobin Montessori & Vassal Lane Upper Schools. Corner lot located at the corner of Concord Avenue and Corporal Burns Road.
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| Oct 7, 2022 | Sold | ||
| Sold | |||
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