56 Cherry 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 |
|---|---|---|---|
| May 8, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | In contract | - | |
| In contract | |||
| Mar 7, 2024 | Listed by William Raveis R.E. & Home Services | $359,900 | |
| Listed by William Raveis R.E. & Home Services | |||
| | |||
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Unbeatable Offering at 56 Cherry St! Discover your ideal starter home with 2 spacious bedrooms, a sunlit living and dining area, and a charming eat-in kitchen. Enjoy the convenience of parking for 2 cars and a fenced backyard. Nestled in Chelsea's trendy neighborhood, surrounded by chic restaurants and vibrant shopping, it's also close to the courthouse. Just a 10-minute drive to downtown Boston, the ocean, marina, parks, and public transportation, makes this a fantastic location for the busy professional. Don't miss out – this home is a rare find, and will not last.
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| May 1, 1991 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Broadway
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$5,495 /mo
- 2 Beds
- 2 Baths
- 1,239 ft²
$3,067 /mo
- Studio
- 1 Bath
- 650 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017