73 Mercantile Way
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 |
|---|---|---|---|
| Jun 21, 2021 | Sold | ||
| Sold | |||
| Sep 18, 2019 | Sold | ||
| Sold | |||
| Aug 15, 2019 | Sold | ||
| Sold | |||
| Oct 18, 2017 | Sold | ||
| Sold | |||
| Jan 26, 2016 | Listed by Kinlin Grover Compass | $479,900 | |
| Listed by Kinlin Grover Compass | |||
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This industrial zoned lot is the largest in the Mercantile Way subdivision. The area is growing, looking for a site with easy access to New Seabury, Osterville, Hyannis, Falmouth, Woods Hole or the Islands. Highways to Boston, New Bedford or Rhode Island easy drive via Route 151, Bourne Bridge to 495 or Route 3. This lot along with ## 71952616 & # 71952620 will be marketed until one sold, only one lot to close at this time.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017