28 Mercer
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 |
|---|---|---|---|
| May 19, 2026 | Sold | ||
| Sold | |||
| Apr 18, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Listed by William Raveis R. E. & Home Services | $1,898,000 | |
| Listed by William Raveis R. E. & Home Services | |||
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Nestled on a private road in one of Needham’s most sought-after neighborhoods, this stately Second Empire Victorian offers nearly 4,000 sq ft of elegant living space. Rich in historic character and thoughtfully refreshed for modern living. This move-in-ready home features bright, expansive living areas and a flexible layout ideal for everyday living and entertaining. Enjoy a private outdoor setting with deck and patio, perfect for relaxing or hosting gatherings. A park just across the street provides green space and recreation right outside your door. Ideally located minutes from Needham Center, commuter rail, top-rated schools, dining, shopping, and major commuter routes.
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| Apr 8, 2016 | Sold | ||
| Sold | |||
| Jan 15, 2016 | Listed by Advise Realty | $1,189,000 | |
| Listed by Advise Realty | |||
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