54-56 Central Square #4B
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%.
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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 |
|---|---|---|---|
| Feb 27, 2024 | Sold | ||
| Sold | |||
| Jun 2, 2023 | Listed by Premium Realty Group LLC | $369,000 | |
| Listed by Premium Realty Group LLC | |||
| | |||
|
Run, don’t walk!!! This is a gorgeous like new, 2 bedroom, 2 bathroom condo with 12+ ft high ceilings. The massive 8ft high, south facing windows, let in tons of natural light! The entire condo has beautiful hardwood floors throughout! The kitchen boasts a large open concept living and dining with granite counter tops, island/breakfast bar and stainless steel appliances. The primary bedroom has its own bathroom and huge walk in closet. This condo has in unit laundry hookups for convenience. There is a new hot water tank installed 2023. This building has an elevator right as you walk in. Lynn MBTA commuter parking garage is 500 ft away and approximately $35/month for parking. You are a short walk from the commuter rail and right in the middle of Lynn’s great dining scene /downtown area. Check out the 3D walkthrough attached.
| |||
| May 10, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
| May 3, 2023 | Relisted | $369,000 | |
| Relisted | |||
| Apr 13, 2023 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/29/2023
|
2 Bed
|
2 Bath
|
-
|
$369,000
2 Bed
2 Bath
|
-
-
|
Stephanie Johnson
Premium Realty Group LLC
| |
|
11/05/2008
|
1 Bed
|
1 Bath
|
606 ft²
|
$69,900
1 Bed
1 Bath
606 ft²
|
$79,900
+14.31%
01/26/2009
|
Thomas Mario
Century 21 Mario Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017