23
Map
20 Mechanic Sqaure #3
About This Property
Listed By
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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 |
|---|---|---|---|
| Jul 1, 2026 | Price Decreased |
$975,000
↓ $75K
(7.1%) | |
| Price Decreased | |||
| May 9, 2026 | Listed by Compass | $1,050,000 | |
| Listed by Compass | |||
| Feb 11, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 14, 2026 | Listed by MerryFox Realty | $1,050,000 | |
| Listed by MerryFox Realty | |||
| | |||
|
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.
| |||
| 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