52 Summit Avenue #3
About This Property
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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%.
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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 8, 2014 | Sold | ||
| Sold | |||
| Sep 3, 2014 | Listed by William Raveis R.E. & Home Services | $939,900 | |
| Listed by William Raveis R.E. & Home Services | |||
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Top floor unit with bright sun-filled rooms, high ceilings, generous proportions, postcard city treetop views, and elegant renovations make this home truly special. Layout is perfect for family living and entertaining. Gleaming hardwood floors throughout. Large updated kitchen with birch cabinets, stainless steel appliances, double oven, granite countertops, expansive center island and lots of storage. Three well-proportioned bedrooms with excellent sun exposure. Additional room can be used as office, den, playroom or spare bedroom. Both full bathrooms are recently updated. New energy-efficient Marvin windows throughout. Washer and Dryer in unit. Two deeded parking spaces (#13 & #15). Breathtaking views of Boston from common roof deck for exceptional 4th of July fireworks viewing or rooftop garden. Large secure basement storage area. Easy access to T, Coolidge Corner, Washington Square and desirable Driscoll school. Move-in condition!
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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 |
|---|---|---|---|---|---|---|---|
|
09/03/2014
|
3 Bed
|
2 Bath
|
1585 ft²
|
$939,900
3 Bed
2 Bath
1585 ft²
|
$1,040,000
+10.65%
10/08/2014
|
Marcis Voldins
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
05/16/2003
|
3 Bed
|
2 Bath
|
1585 ft²
|
$609,000
3 Bed
2 Bath
1585 ft²
|
$600,000
-1.48%
07/21/2003
|
John Pynchon
Coldwell Banker Realty - Brookline
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017