25 Cherry Street #6
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 |
|---|---|---|---|
| Dec 13, 2023 | Sold | ||
| Sold | |||
| Nov 27, 2023 | In contract | - | |
| In contract | |||
| Nov 2, 2023 | Listed by Engel & Volkers Boston | $699,000 | |
| Listed by Engel & Volkers Boston | |||
| | |||
|
Spacious corner townhome conveniently located near Danvers Village promises to be one of the most versatile spaces in the North Shore. This home offers four floors of entertaining and living spaces featuring two spectacular private outdoor spaces, premium heated 2-car garage, quartz countertops, and stainless steel appliances. The open concept kitchen, living, and dining area is perfect for entertaining and the windows throughout allow the natural light to pour into the room. The third bedroom located on the second floor offers ultimate privacy as it is tucked away in an exclusive corner of the home. As you move towards the upper level you are greeted by a generous second bedroom and an oversized primary bedroom featuring an exquisite en-suite bathroom. Topping off this home is your very own private roof-deck.
| |||
| Feb 12, 2020 | Sold | ||
| Sold | |||
| Jan 14, 2020 | Listed by Engel & Volkers Boston | $584,900 | |
| Listed by Engel & Volkers Boston | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/17/2025
|
2 Bed
|
2 Bath
|
1258 ft²
|
$599,900
2 Bed
2 Bath
1258 ft²
|
-
-
|
Bradford McCue
Berkshire Hathaway HomeServices Verani Realty
| |
|
11/02/2023
|
3 Bed
|
3 Bath
|
2338 ft²
|
$699,000
3 Bed
3 Bath
2338 ft²
|
$696,000
-0.43%
12/13/2023
|
Daniel Wang
Engel & Volkers Boston
| |
|
11/02/2023
| |
3 Bed
|
3 Bath
|
2338 ft²
|
$699,000
3 Bed
3 Bath
2338 ft²
|
-
-
|
Danny Wang
Engel & Volkers Boston
|
|
10/12/2022
|
2 Bed
|
3 Bath
|
1258 ft²
|
$499,900
2 Bed
3 Bath
1258 ft²
|
$500,000
+0.02%
12/30/2022
|
Ted Richard
J. Barrett & Company
| |
|
06/17/2021
|
3 Bed
|
4 Bath
|
1687 ft²
|
$595,900
3 Bed
4 Bath
1687 ft²
|
$595,900
09/08/2021
|
Evan Fogarty
Coldwell Banker Realty - Newburyport
| |
|
05/06/2021
|
3 Bed
|
3 Bath
|
1725 ft²
|
$592,500
3 Bed
3 Bath
1725 ft²
|
$590,000
-0.42%
07/15/2021
|
Evan Fogarty
Coldwell Banker Realty - Newburyport
| |
|
01/14/2020
|
3 Bed
|
3 Bath
|
1728 ft²
|
$584,900
3 Bed
3 Bath
1728 ft²
|
$584,900
02/12/2020
|
Christopher Blasczak
Liberty Residential Realty, LLC
| |
|
11/13/2019
|
3 Bed
|
3 Bath
|
1725 ft²
|
$569,800
3 Bed
3 Bath
1725 ft²
|
$569,800
05/18/2020
|
Christopher Blasczak
Liberty Residential Realty, LLC
| |
|
05/22/2019
|
3 Bed
|
3 Bath
|
1534 ft²
|
$499,900
3 Bed
3 Bath
1534 ft²
|
$505,000
+1.02%
07/26/2019
|
Christopher Blasczak
Liberty Residential Realty, LLC
| |
|
05/22/2019
|
3 Bed
|
4 Bath
|
1687 ft²
|
$589,900
3 Bed
4 Bath
1687 ft²
|
$589,900
06/26/2019
|
Christopher Blasczak
Liberty Residential Realty, LLC
| |
|
12/12/2016
| |
4 Bed
|
2 Bath
|
4080 ft²
|
$432,000
4 Bed
2 Bath
4080 ft²
|
$450,000
+4.17%
07/26/2017
|
Alexandra Cutler
J. Barrett & Company
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017