22 Mechanic 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 |
|---|---|---|---|
| Jun 17, 2025 | Sold | ||
| Sold | |||
| May 18, 2025 | In contract | - | |
| In contract | |||
| Mar 12, 2025 | Price Decreased |
$999,900
↓ $49K
(4.7%) | |
| Price Decreased | |||
| Feb 19, 2025 | Listed | $1,049,000 | |
| Listed | |||
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OPEN HOUSE CANCELLED!!! SELLER ACCEPTED OFFER! Step Into History at 22 Mechanic St.! Tucked away on a quiet, less-traveled street in the heart of "Old Town", this historic antique gem, built in 1713 for Richard Wyatt, is filled with warmth, character, & timeless charm. The moment you step inside, you’ll feel it—a home built to last & cherished for generations. With its cozy, inviting atmosphere, this home is a perfect blend of history & comfort. Original details like wide pine floors, fireplaces, handcrafted woodwork, create a sense of nostalgia, while thoughtful updates bring modern convenience. The cook’s kitchen is ready for your culinary adventures, featuring a gas stove, butcher block counters, SS refrigerator, & ample storage. Upstairs, 3 bedrooms offer peaceful retreats, including a primary suite w/ a walk-in closet, dressing room, or office space. The updated baths & a newly completed mudroom add to the home’s functionality.
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| Jul 31, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017