54-56 Central Sq #2B
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 |
|---|---|---|---|
| Jul 30, 2021 | Sold | ||
| Sold | |||
| Mar 16, 2021 | Listed by Chinatti Realty Group, Inc. | $235,000 | |
| Listed by Chinatti Realty Group, Inc. | |||
| | |||
|
Buyer financing fell through! This modern one bedroom condo is a quick bike ride or walk to the ocean - so close to many of North Shore's best outdoor amenities like Breakheart Reservation, Lynn Woods and Nahant Beach. Plus the commuter rail is right around the corner, only two stops to North Station! Soaring ceilings with extra large windows and custom shades, this sun-soaked condo features an open layout with large living room/dining room adjacent to a spacious kitchen. Separate bedroom and full modern bath. Excellent building with stunning architecture. Majority owner occupied and professionally managed with well run financials. Elevator for added convenience. Extra storage in basement, and parking for rent available nearby. In the heart of the burgeoning Downtown Arts and Culture District, near delicious top-rated restaurants like Blue Ox & Nightshade Noodle, plus local coffee shops and cafes. Invest in boundless potential - be part of the transformation and development in Lynn!
| |||
| Aug 24, 2018 | Sold | ||
| Sold | |||
| Jul 18, 2018 | Listed by RE/MAX 360 | $189,900 | |
| Listed by RE/MAX 360 | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/25/2026
|
2 Bed
|
2 Bath
|
1306 ft²
|
$399,999
2 Bed
2 Bath
1306 ft²
|
-
-
|
Michael Petrigno
MP Realty Group
| |
|
08/11/2021
|
2 Bed
|
2 Bath
|
1216 ft²
|
$350,000
2 Bed
2 Bath
1216 ft²
|
$333,000
-4.86%
11/23/2021
|
Michael Romanovsky
MGR Global Realty, Inc.
| |
|
03/16/2021
|
1 Bed
|
1 Bath
|
540 ft²
|
$235,000
1 Bed
1 Bath
540 ft²
|
$225,000
-4.26%
07/30/2021
|
ResCo Team
Gibson Sotheby's International Realty
| |
|
06/10/2020
|
2 Bed
|
2 Bath
|
1306 ft²
|
$319,900
2 Bed
2 Bath
1306 ft²
|
$320,000
+0.03%
09/01/2020
|
Darlene Minincleri
MP Realty Group
| |
|
02/20/2020
|
2 Bed
|
2 Bath
|
1268 ft²
|
$314,900
2 Bed
2 Bath
1268 ft²
|
$312,500
-0.76%
07/17/2020
|
Daniel Meegan
J. Barrett & Company
| |
|
07/18/2018
|
1 Bed
|
1 Bath
|
540 ft²
|
$189,900
1 Bed
1 Bath
540 ft²
|
$189,900
08/24/2018
|
Erin Lamb
RE/MAX 360
| |
|
04/18/2018
|
1 Bed
|
1 Bath
|
606 ft²
|
$175,000
1 Bed
1 Bath
606 ft²
|
$201,000
+14.86%
05/31/2018
|
Mark Johnson
C & D Realty
| |
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1306 ft²
|
-
2 Bed
2 Bath
1306 ft²
|
-
-
|
-
|
|
06/13/2017
|
2 Bed
|
2 Bath
|
1216 ft²
|
$289,900
2 Bed
2 Bath
1216 ft²
|
$275,000
-5.14%
08/31/2017
|
Soraya Cacici
Nest Forward
| |
|
06/06/2017
|
2 Bed
|
2 Bath
|
1306 ft²
|
$319,000
2 Bed
2 Bath
1306 ft²
|
$301,000
-5.64%
10/04/2017
|
Erin Lamb
RE/MAX 360
| |
|
11/05/2008
|
1 Bed
|
1 Bath
|
606 ft²
|
$69,900
1 Bed
1 Bath
606 ft²
|
$79,900
+14.31%
01/26/2009
|
Mark Johnson
C & D Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017