557 -559 Broadway #2C
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 |
|---|---|---|---|
| Mar 4, 2025 | Sold | ||
| Sold | |||
| Dec 14, 2024 | In contract | - | |
| In contract | |||
| Nov 5, 2024 | Listed by LAER Realty Partners | $349,900 | |
| Listed by LAER Realty Partners | |||
| | |||
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Are you tired of leasing space for your business? This is your chance to own a commercial property in a prime Everett location! Perfect for any retail or office venture, this property currently operates as a well-equipped beauty salon/barber shop. With excellent visibility and high foot traffic, it’s conveniently located on a bus route and near major highways. The well-maintained property is ready for a new owner, offering endless opportunities to grow your business. Don’t miss out on this fantastic investment!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/05/2024
|
Loft
|
-
|
570 ft²
|
$349,900
Loft
-
570 ft²
|
$325,000
-7.12%
03/04/2025
|
Manoel Neto
LAER Realty Partners / Neto Realty
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017