53 South Street
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 |
|---|---|---|---|
| Sep 9, 2024 | Sold | ||
| Sold | |||
| Aug 23, 2024 | In contract | - | |
| In contract | |||
| Jul 30, 2024 | Listed by Engel & Volkers By the Sea | $1,599,000 | |
| Listed by Engel & Volkers By the Sea | |||
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PICTURE PERFECT. This elegant 3 BR, 2.5 BA home in the desirable South End of Rockport is a must see. Nestled on an expansive lot set back from the street, this property offers a serene and private retreat featuring a large landscaped yard with stone patio, mature trees and lovely gardens, stone walls, and charming 2-car tandem garage. Inside, the open concept floor plan integrates a kitchen, dining area, and living room with fireplace - ideal for everyday living and entertaining. The chef’s kitchen includes a Bertazzoni induction range, Liebherr refrigerator, and granite island. A sunny 3-season porch is a haven in summer & the cooler months. The 1st floor master suite has newly renovated luxurious bath and adjacent laundry room. If additional space is required, the large basement with high ceiling could easily be transformed into living space. This sun-filled and spacious property serves as an enviable seasonal or a year-round getaway to Rockport's countless coastal attractions.
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| Dec 8, 2020 | No longer available | - | |
| No longer available | |||
| Dec 7, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017