73 Lothrop Street
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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 |
|---|---|---|---|
| Jul 26, 2024 | No longer available | - | |
| No longer available | |||
| Mar 19, 2024 | Listed by LandVest, Inc., Manchester -by-the-Sea | $2,695,000 | |
| Listed by LandVest, Inc., Manchester -by-the-Sea | |||
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Once in a lifetime opportunity to own oceanfront property on Lothrop Street along Beverly’s desirable waterfront with unobstructed views of the ocean from Dane Street Beach & Lyons Park to Bakers Island, Marblehead Neck and Salem. This c1863 waterfront Victorian has five bedrooms, three and one-half bathrooms in 5,000 square feet of living area with priceless old-world craftsmanship including 12-foot ceilings, hardwood floors, marble fireplaces, floor to ceiling windows and more. Create your dream home with this flexible floor plan and impeccable views of the ocean from almost every room in the house. Relax and enjoy beautiful sunrises overlooking Beverly Harbor from your oceanfront deck with single car garage on lower level. This home has easy access to commuter routes and Beverly amenities, including just a 14-minute drive from Beverly Airport, which accommodates private jet service. Ready for the next owner to renovate and create this their own coastal dream home.
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| Oct 31, 2011 | Sold | ||
| Sold | |||
| Jan 6, 2009 | Listed by Seaport Realty | $999,900 | |
| Listed by Seaport Realty | |||
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Cambridge-on-the-Atlantic! Oceanfront Victorian era mansion with sweeping ocean and island views. Fabulous architectural details combined with modern-day upgrades. Commission rate subject to owner's lenders' approval. Property fronts on Beverly harbor. Interior features include high ceilings. 4 fireplaces, period mantles and moldings, elegant staircase and hardwood floors.
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| Aug 24, 2001 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017