54 Colby Way
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 16, 2025 | Sold | ||
| Sold | |||
| Aug 10, 2025 | In contract | - | |
| In contract | |||
| Jul 28, 2025 | Listed by RE/MAX Beacon | $579,000 | |
| Listed by RE/MAX Beacon | |||
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Perched high and dry above the sea, this sweet cottage offers an opportunity for single family home ownership without the restrictions & fees of a condo. SO many completed updates & improvements! Newly installed eat-in kitchen, and stylish 3/4 bath, hardwood flrs. Other recent updates include electrical, heating, water heater, windows, roof, driveway: ALL done! All that's left to do is to consider the expansion possibilities, which could include add'l 2nd flr space & deck w/views. Walkout basement originally served as in law apartment-kitchen&bath connections still exist, but await your updates. Ample parking for 2 vehicles, plus small outdoor area for seating/dining. Beautiful beaches and town parks all within a few steps, are yours to enjoy anytime. NO flood insurance required. Stop wasting your money on an expensive rental, or high condo fees - this is a rare opportunity to own your little piece of seaside heaven.
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| May 16, 2019 | No longer available | - | |
| No longer available | |||
| May 1, 2019 | Listed | $439,000 | |
| Listed | |||
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"COTTAGE BY THE SEA" Rare opportunity to own a single fam home for the price of a condo. No pet restrictions, no HOA fees-you're in control! This sweet home has many recent updates:new kitchen, new bath, new hi efficiency gas boiler, new electrical, new roof, new windows. Size does NOT matter-it's how the space feels! A lot of comfort is packed into this sun-filled cozy package, including HW flrs, wood burning FP, elegant new kitchen w/granite counters/SS, partfinish basement. 2nd flr offers views of the beautiful Atlantic Ocean with the Boston Lighthouse winking hello. Possible expansion potential on 2nd floor could add more space and value:a deck off of the MB with views?? Parking for 2 cars - one for you, one for a friend, because living in Nahant is more fun when you can share the beautiful sandy beaches,(including Doggie Beach) the 4th of July town fireworks, & watching winter ocean storms from your safe perch atop the hill. !!SUMMER IN NAHANT, SOME AREN'T!! Don't miss your chance The manager has listed the unit size as 840 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017