25 MECHANIC ST
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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 |
|---|---|---|---|
| Jun 20, 2024 | Sold | ||
| Sold | |||
| May 14, 2024 | In contract | - | |
| In contract | |||
| May 2, 2024 | Listed by Keller Williams Realty - Cherry Hill | $449,000 | |
| Listed by Keller Williams Realty - Cherry Hill | |||
| Sep 15, 2021 | Sold | ||
| Sold | |||
| May 27, 2021 | Listed by Agent06 LLC | $399,900 | |
| Listed by Agent06 LLC | |||
| | |||
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As you turn off Kings Highway onto the most quaint street in Haddonfield, Mechanic Street, you are charmed by the gorgeous brewery, the lovely wine tasting room, the newly constructed luxury condos and then just steps down the sidewalk… You are greeted by a humble entrance that leads to arguably the most stylish and sought after one bedroom condo in town. We remember when our client discovered this gem of a space. It didn’t have 1/10 of the style that she has created in it at the time, but she could see its potential. And boy did she and her husband fulfill it! When you enter the unit, you are immediately blown away by the floor-to-ceiling cabinets, built-in luxury appliances and table-island, all of which seem ripped from your favorite Pinterest board. I mean, phenomenal! A nicely sized powder room with built-in laundry and storage shelves is off of the foyer entry as well. Style galore. The family room has soaring ceilings and a suspended entertainment unit… The space is incredible. Upstairs, there is a lovely bedroom and open shelving/storage closet areas and a perfectly renovated and up-styled bathroom. You can have the life and all this style on Mechanic Street. It’s a one-of-a-kind looking for its to new one-of-a-kind owner to bask in its fabulous design and enjoy the easy life right in the heart of downtown Haddonfield. This, my friends, is as good as it gets for anyone who needs a small premium space walkable to...well, everything.
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About Haddonfield
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017