9 Walnut St
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 |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | In contract | - | |
| In contract | |||
| Apr 9, 2024 | Listed by William Raveis R.E. & Home Services | $795,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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One of the best locations in the Shipyard Neighborhood! Sitting within a few hundred feet of Commercial Street Wharf, Red Steps for swimming, Seaside and Hammond Parks, and the Marblehead Yacht Club, you not only have easy access to Marblehead's world renowned Harbor for swimming and boating but also the Downtown Business District with shops, restaurants and our Historic District. This 3 bedroom home has so much potential and an amazing lot for rebuilding or expansion. Inside you will find hardwood floors, paneled walls, sunroom and a living room with fireplace. There is a separate cottage on the large private lot. Enjoy all that one of Marblehead's great seaside neighborhoods has to offer!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017