11 Mechanic 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 |
|---|---|---|---|
| Oct 4, 2019 | Sold | ||
| Sold | |||
| Jun 26, 2019 | Listed by Lamacchia Realty, Inc Waltham | $124,900 | |
| Listed by Lamacchia Realty, Inc Waltham | |||
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Looking to own a home at an affordable price! This is the one! 3 bed, 2 bath antique home located on corner lot with tons of potential. Level 1 offers HW floors with a living room, family room, eat in kitchen with pantry and a propane gas stove. A full bath, laundry room, workshop/storage area and a screened in porch, perfect for relaxing! Upstairs you will find 3 good sized bedrooms, a full bath and a bonus room- bring your ideas! Basement is unfinished and offers additional storage space. 2 car detached garage with storage shed attached complete this package. Some recent updates include: some new flooring, painting, enclosing the chimney, updating the bathroom and new hot water heater installed.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017