53-55 Summer St
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 |
|---|---|---|---|
| Apr 28, 2014 | Sold | ||
| Sold | |||
| Jan 29, 2013 | Listed by Coldwell Banker Realty - Plymouth | $499,900 | |
| Listed by Coldwell Banker Realty - Plymouth | |||
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Unique opportunity for someone with imagination & vision looking to re-develop this 1.81 acre of land in downtown Kingston zoned "Town Center" District: town encourages a mix of commercial & residential uses.Property has several retired greenhouses, two bldgs which front 3A collecting monthly rents & numerous small outbldgs. Irreg shaped land abutts MBTA commuter rail.Long time owner use to grow geraniums/poinsettias for years; motivated seller.
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Address: 335 Madison Avenue, New York, NY 10017