98 East Main Street
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 |
|---|---|---|---|
| Apr 29, 2025 | Sold | ||
| Sold | |||
| Mar 19, 2025 | In contract | - | |
| In contract | |||
| Mar 16, 2025 | Relisted | $175,000 | |
| Relisted | |||
| Mar 13, 2025 | In contract | - | |
| In contract | |||
| Mar 6, 2025 | Listed | $599,000 | |
| Listed | |||
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Iconic East Gloucester house by the Harbor is known as "The Boathouse." Filled with reflected light off of the water, it offers good views and a desirable location. This 3 Bd. 2 Ba. 1749 sf property is zoned Neighborhood Business. In the past, it has been used as a first floor business with 1 Bd. apt. 2nd and 3rd Floors. Catch the salty summer breezes from your rear 2nd floor deck. Walk to Rocky Neck. One mile to both Niles Beach and Good Harbor Beach. Take the Gloucester Harbor Launch from Cripple Cove Landing (almost across the street) across the Harbor for $10 ! Driveway parking for 3 cars. One of a Kind loaded with possibilities ! Condo alternative.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017