56 Dane Street #2
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 |
|---|---|---|---|
| Aug 1, 2025 | Sold | ||
| Sold | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
| Jun 4, 2025 | Listed | $449,900 | |
| Listed | |||
| Dec 19, 2018 | Sold | ||
| Sold | |||
| Oct 30, 2018 | Listed by Churchill Properties | $249,999 | |
| Listed by Churchill Properties | |||
| | |||
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**Multiple Offer Notice, All Offers due at 5p.m. Sunday 11/4.** Prime Beverly Location! Smell the salt air from this lovely second-floor condominium that offers seasonal ocean views and is less than .25 mile to Dane Street Beach. Having 2 generous beds and an updated bath, this unit is move-in ready. Enjoy a spacious side to side sunken living room with a walk-in closet, a fully applianced kitchen with dining area, and a foyer area with a handy closet- perfect for storing beach gear. This light & bright unit has low condo fees, in-unit laundry, & 2 car parking. Less than half a mile to downtown Beverly with its shopping and restaurants and just about a mile to the Beverly Train Station.
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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 |
|---|---|---|---|---|---|---|---|
|
06/04/2025
|
2 Bed
|
1 Bath
|
900 ft²
|
$449,900
2 Bed
1 Bath
900 ft²
|
$455,000
+1.13%
08/01/2025
|
Laura Crowell
J. Barrett & Company
| |
|
10/30/2018
|
2 Bed
|
1 Bath
|
900 ft²
|
$249,999
2 Bed
1 Bath
900 ft²
|
$266,000
+6.40%
12/19/2018
|
Andrea Lacroix
Churchill Properties
| |
|
01/02/2004
|
2 Bed
|
1 Bath
|
900 ft²
|
$205,000
2 Bed
1 Bath
900 ft²
|
$205,000
01/30/2004
|
Deborah Brown
Churchill Properties
| |
|
03/29/1999
|
1 Bed
|
1 Bath
|
900 ft²
|
$124,000
1 Bed
1 Bath
900 ft²
|
$121,000
-2.42%
08/06/1999
|
Deborah Brown
Churchill Properties
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017