77 Alexander Rd #13
About This Property
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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.
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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 |
|---|---|---|---|
| Dec 11, 2024 | Sold | ||
| Sold | |||
| Oct 14, 2024 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Listed by Gibson Sotheby's International Realty | $524,900 | |
| Listed by Gibson Sotheby's International Realty | |||
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Discover this rare industrial condo opportunity perfect for contractors, landscapers, or those seeking ample storage space. This versatile end unit boasts a first floor area of 1950 sq ft with an additional unobstructed second-level mezzanine/office area spanning 600 square feet and a full bath with shower. The impressive 22-foot ceilings accommodate forklift operations, while a 12x14 garage door ensures easy access. Enjoy the convenience and value of (3) three dedicated parking spaces. The monthly fee of $250 covers master insurance, water, exterior maintenance, snow removal, and road upkeep. This property presents an excellent business and investment opportunity with its strategic location near routes 129, 3, and 3a, Wilmington train station and Jones Forest, this industrial gem offers both practicality and potential. Don't miss the chance to own this unique space – schedule a viewing with 24 hours' notice. Seller welcomes offers with requests for buyer concessions.
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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 |
|---|---|---|---|---|---|---|---|
|
10/10/2024
|
Loft
|
-
|
2550 ft²
|
$524,900
Loft
-
2550 ft²
|
$524,900
12/11/2024
|
The D & Z Group
Keller Williams Realty Evolution
| |
|
03/04/2022
|
Loft
|
-
|
-
|
$850,000
Loft
-
|
$820,000
-3.53%
10/28/2022
|
Simone Schettino
Century 21 North East
| |
|
08/06/2020
|
Loft
|
-
|
-
|
$399,000
Loft
-
|
$385,000
-3.51%
12/18/2020
|
Nancy Fudge
Fudge Properties
| |
|
05/20/2011
|
Loft
|
-
|
1431 ft²
|
$189,900
Loft
-
1431 ft²
|
$170,000
-10.48%
04/05/2013
|
Vincent Serino
Century 21 North East
| |
|
01/30/2002
| |
Loft
|
2 Bath
|
4500 ft²
|
$450,000
Loft
2 Bath
4500 ft²
|
$400,000
-11.11%
03/25/2002
|
John Hughes
Dover Country Properties Inc.
|
|
10/04/1999
| |
Loft
|
1 Bath
|
2559 ft²
|
$120,000
Loft
1 Bath
2559 ft²
|
$104,000
-13.33%
10/06/2000
|
Allan Arakelian
Arakelian Real Estate, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017