505 Middlesex Tpke #15
About This Property
The manager has listed the unit size as 738 square feet.
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Cap Rate Calculator
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 26, 2019 | No longer available | - | |
| No longer available | |||
| Jul 10, 2019 | Price Decreased |
$49,900
↓ $5K
(9.1%) | |
| Price Decreased | |||
| Jun 19, 2019 | Price Decreased |
$54,900
↓ $4K
(6.8%) | |
| Price Decreased | |||
| May 19, 2019 | Price Decreased |
$58,900
↓ $100
(0.2%) | |
| Price Decreased | |||
| Mar 2, 2019 | Price Increased |
$59,000
↑ $58K
(9,816%) | |
| Price Increased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/01/2022
|
Loft
|
-
|
676 ft²
|
$59,900
Loft
-
676 ft²
|
$59,500
-0.67%
10/14/2022
|
Kevin Burke
Coldwell Banker Realty - Haverhill
| |
|
06/16/2018
|
Studio
|
-
|
738 ft²
|
$59,750
Studio
-
738 ft²
|
-
-
|
-
| |
|
10/28/2017
|
Studio
|
-
|
738 ft²
|
$59,750
Studio
-
738 ft²
|
-
-
|
-
| |
|
10/18/2010
|
Loft
|
-
|
-
|
$27,000
Loft
-
|
$24,000
-11.11%
11/19/2010
|
John Peterson
Arakelian Real Estate, Inc.
| |
|
02/11/2010
|
Loft
|
-
|
702 ft²
|
$30,000
Loft
-
702 ft²
|
$26,000
-13.33%
09/01/2011
|
Bob Correia
ERA Key Realty Services
| |
|
04/09/2007
|
Loft
|
-
|
1302 ft²
|
$79,900
Loft
-
1302 ft²
|
$75,000
-6.13%
06/01/2007
|
Edna Chalmers
EA Realty Team
| |
|
04/09/2007
|
Loft
|
-
|
684 ft²
|
$49,900
Loft
-
684 ft²
|
$47,500
-4.81%
06/13/2007
|
Edna Chalmers
EA Realty Team
| |
|
08/05/2002
| |
Loft
|
1 Bath
|
591 ft²
|
$42,500
Loft
1 Bath
591 ft²
|
$35,000
-17.65%
10/18/2002
|
Charlene McCarthy
American Dream Homes
|
|
09/27/1995
| |
Loft
|
-
|
694 ft²
|
$49,900
Loft
-
694 ft²
|
$400
-99.20%
11/06/1995
|
Paul Travis
Travis Realty, Inc.
|
|
11/01/1991
| |
Loft
|
-
|
780 ft²
|
$19,500
Loft
-
780 ft²
|
$14,250
-26.92%
12/31/1997
|
John Hughes
Dover Country Properties Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017