87 Madison Ave. #1
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 |
|---|---|---|---|
| Oct 31, 2023 | Sold | ||
| Sold | |||
| Sep 28, 2023 | In contract | - | |
| In contract | |||
| Sep 13, 2023 | Listed by Engel & Volkers Boston | $559,900 | |
| Listed by Engel & Volkers Boston | |||
| | |||
|
Newly built modern single level unit in convenient Everett! Hardwood floors throughout 1083 sq ft of open concept living. Beautifully designed kitchen fitted with stainless steel Bosch appliances and Quartz counter peninsula with a breakfast bar. Ideal bedroom layout featuring a primary suite with private bathroom. More features include in-unit laundry, Mitsubishi in-ceiling ductless mini split systems for heating/cooling in every room, instant hot water, central vacuum system, and handicap accessible chair lift in front. Also included for use is the large private, deeded storage area and one off-street parking space. Easy access to restaurants, breweries, shops, public transit, Route 1 and roadways in/out of Everett and beyond. Schedule your viewing today!
| |||
| Jan 28, 2022 | Sold | ||
| Sold | |||
| Nov 29, 2021 | Listed by Engel & Volkers Boston | $539,900 | |
| Listed by Engel & Volkers Boston | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/12/2026
|
3 Bed
|
2 Bath
|
1100 ft²
|
$674,900
3 Bed
2 Bath
1100 ft²
|
$647,500
-4.06%
07/09/2026
|
Jonathan DaSilva
Tutto Properties, LLC
| |
|
09/13/2023
|
3 Bed
|
2 Bath
|
1083 ft²
|
$559,900
3 Bed
2 Bath
1083 ft²
|
$550,000
-1.77%
10/31/2023
|
Andrew DaSilva
Popular Properties Realty,Inc.
| |
|
09/12/2023
| |
3 Bed
|
2 Bath
|
1083 ft²
|
$559,900
3 Bed
2 Bath
1083 ft²
|
$550,000
-1.77%
10/31/2023
|
Andrew DaSilva
Engel & Volkers Boston
|
|
11/29/2021
|
3 Bed
|
2 Bath
|
1083 ft²
|
$539,900
3 Bed
2 Bath
1083 ft²
|
$525,000
-2.76%
01/28/2022
|
Andrew DaSilva
Popular Properties Realty,Inc.
| |
|
08/23/2021
|
3 Bed
|
2 Bath
|
1083 ft²
|
$539,900
3 Bed
2 Bath
1083 ft²
|
$535,000
-0.91%
01/21/2022
|
Rajit Shrestha
360 Realty LLC
| |
|
03/24/2021
|
3 Bed
|
2 Bath
|
1083 ft²
|
$559,900
3 Bed
2 Bath
1083 ft²
|
$555,000
-0.88%
03/03/2022
|
Cudmore and Associates
RE/MAX On the River, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017