8-10 Newman Way #8
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.
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 29, 2024 | Sold | ||
| Sold | |||
| Jul 24, 2024 | In contract | - | |
| In contract | |||
| Jul 16, 2024 | Listed by Gibson Sotheby's International Realty | $1,100,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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Striking 2013 contemporary townhouse nestled off Mass Ave between Arlington Center and Jason Heights. This 3-bedroom, 2.5-bath home boasts abundant natural light, Hunter Douglas plantation shutters, hardwood floors, high ceilings, and recessed lighting. A garage and private rear deck and patio oasis complement the space. The open concept kitchen features a quartz countertop, expansive multi-purpose island, S/S appliances and gas cooking, offering ample cabinet and counter space for culinary enthusiasts. Laundry facilities, two bedrooms, a full bath, and stairway leading to the primary suite complete the second floor. The primary suite is highlighted by a fireplace, expansive closet space, and en-suite bath with a jacuzzi tub, glass shower, and double vanities. Ideally situated for MBTA transportation, the newly constructed Arlington High School, shopping, dining, and major transportation routes, this tranquil retreat combines luxury and urban convenience seamlessly. Home awaits!
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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 |
|---|---|---|---|---|---|---|---|
|
07/16/2024
|
3 Bed
|
3 Bath
|
2085 ft²
|
$1,100,000
3 Bed
3 Bath
2085 ft²
|
$1,270,000
+15.45%
08/29/2024
|
Carol Ryerson-Greeley
Gibson Sotheby's International Realty
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017