964 Washington 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 |
|---|---|---|---|
| Jun 27, 2024 | Sold | ||
| Sold | |||
| May 8, 2024 | Listed by Engel & Volkers By the Sea | $750,000 | |
| Listed by Engel & Volkers By the Sea | |||
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An extraordinary opportunity for developers and big dreamers to renovate this iconic Gloucester property! Established in 1870 as Bay View Methodist Church, this property was converted to a residential space in 1971. The church has good bones and incredible potential! Currently, there is a 2 bedroom apartment in the back and massive, raw spaces 3 sprawling floors (approx 2400 sq ft per floor) ripe for transformation. Enchanting detail throughout like exposed beams, tin ceiling, stained glass windows, and an abundance of natural light. Ocean views of Ipswich Bay on the the south and west side. Just down the street from the Gloucester Marine Station, Plum Cove Beach, and downtown Lanesville. Sizable lot in back. Perfect for developers or creative souls ready to restore its glory!
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| Nov 6, 2013 | Sold | ||
| Sold | |||
| Jul 29, 2013 | Listed by Engel & Volkers By the Sea | $375,000 | |
| Listed by Engel & Volkers By the Sea | |||
| Apr 24, 2009 | Listed by Coldwell Banker Residential Brokerage - Gloucester | $399,000 | |
| Listed by Coldwell Banker Residential Brokerage - Gloucester | |||
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Great project for architect/contractors water views and close to Plum Cove Beach.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017