41 Farrington Ave
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 15, 2022 | Sold | ||
| Sold | |||
| Apr 4, 2022 | Listed by Engel & Volkers By the Sea | $4,195,000 | |
| Listed by Engel & Volkers By the Sea | |||
| Oct 8, 2015 | Sold | ||
| Sold | |||
| Apr 22, 2015 | Listed by Engel & Volkers By the Sea | $1,295,000 | |
| Listed by Engel & Volkers By the Sea | |||
| Jul 27, 2010 | Listed by Coldwell Banker Residential Brokerage - Gloucester | $1,100,000 | |
| Listed by Coldwell Banker Residential Brokerage - Gloucester | |||
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This magnificent piece of property, located on Gloucester's back shore, has views overlooking Braces Cove, the Atlantic Ocean, marshland and wildlife. The setting offers total privacy with an enormous yard, DIRECT water access, and manicured gardens. 5000 square feet of open direct sun lit space makes this truly a tranquil and serene lifestyle in an exquisite location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017