20 Mechanic Square #3
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%.
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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 |
|---|---|---|---|
| Jul 1, 2026 | Price Decreased |
$975,000
↓ $75K
(7.1%) | |
| Price Decreased | |||
| May 9, 2026 | Listed by Compass | $1,050,000 | |
| Listed by Compass | |||
| |||
|
"THE ELBRIDGE" is an exclusive development located in a stately 120-year-old brick building. Combining modern amenities with antique charm,high ceilings and oversized windows, this light filled 2 bedroom,2.5 bath townhouse features a main floor with a large open space combining the living room , dining area and the chef's kitchen -complete with a central island, quartz countertops, top of the line stainless appliances and custom floor-to-ceiling cabinets. There are two ensuite bedrooms,in-unit laundry, central A/C, and dedicated parking, plus an outside patio. 20 Mechanic Square is walking distance to Marblehead's famous harbor and central Landing,2 yacht clubs, several seaside parks, beaches, plus 2 islands(at low tide!),and only a few blocks to downtown boutiques, coffee shops,a grocery store, restaurants, museums and theaters. Once you arrive home you can park your car, leave the keys, and enjoy all that Marblehead has to offer. Ideal for either summer or year round living.
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| Feb 11, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 14, 2026 | Listed by MerryFox Realty | $1,050,000 | |
| Listed by MerryFox Realty | |||
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|
The Elbridge offers the perfect balance of privacy and modern style. Two spacious lower-level ensuite bedrooms create a quiet retreat, while the upper level features soaring ceilings and oversized windows that fill the open living area with natural light. Custom cabinetry, designer details, and top-of-the-line appliances highlight the high-end finishes throughout. Central A/C and dedicated parking add everyday convenience. Part of a small, exclusive development in a stately 116-year-old brick building set high on a hill just off Washington Street in Old Town Marblehead, this home blends the character of historic New England with the comforts of new construction. Beautiful beaches, quaint shops, water sports, gourmet dining, excellent schools, and vibrant arts and culture make Marblehead an exceptional place to live.
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| Dec 12, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/07/2025
|
2 Bed
|
2 Bath
|
1965 ft²
|
$1,200,000
2 Bed
2 Bath
1965 ft²
|
-
-
|
Merry Fox Team
MerryFox Realty
| |
|
10/07/2025
|
2 Bed
|
2 Bath
|
1443 ft²
|
$1,075,000
2 Bed
2 Bath
1443 ft²
|
-
-
|
Merry Fox Team
MerryFox Realty
|
Building Info
- 2 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017