624 Western Ave
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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 |
|---|---|---|---|
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Jul 3, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Listed by Mark Stiles | $799,999 | |
| Listed by Mark Stiles | |||
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A rare offering in the highly desirable Magnolia area of Gloucester. This character-filled home blends classic N,E. charm with modern lifestyle potential, all just moments from the shimmering shores of the Atlantic Ocean. Situated on a generous and peaceful lot, this property presents an ideal setting for a coastal retreat, full-time residence, or strategic investment (House Hack)). Step inside to discover sun-drenched living spaces, beautiful hardwood flooring, fabulous kitchen with new appliances, and a flexible floor plan with strong bones. This gem includes a bonus room that is a true blank canvas—flooded with natural light, generously sized, and perfectly positioned to serve whatever purpose your lifestyle desires. Perched above the garage, with its own entrance and separation from the main living area, this open space is perfectly suited for transformation into a home office or Ancillary Dwelling Unit (ADU); Fonzi style. (staged with a.i.).
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| May 31, 2025 | No longer available | - | |
| No longer available | |||
| May 30, 2025 | Relisted | $799,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017