3 Gerry 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 |
|---|---|---|---|
| Jul 16, 2025 | Sold | ||
| Sold | |||
| Jun 17, 2025 | In contract | - | |
| In contract | |||
| Jun 12, 2025 | Listed | $960,000 | |
| Listed | |||
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LOCATION!!! This sun-filled, post and beam type home is just minutes from Devereux Beach, Seaside Park and downtown Marblehead. You enter the home from one of 3 ipe (Brazilian Walnut) decks , above you sits the main floor of the home, an open-concept living and dining area measuring 26ft by 23ft under a 20ft high ceiling accented by two large cross beams. The great room has hardwood floors and a fireplace and loft! Five large windows, plus the glass panel entrance bring light and the outdoors into the home. The kitchen opens onto the great room and features granite counter tops, oak cabinets, a range plumbed for gas or electric power, and west-facing glass sliding doors onto the home’s main deck above a lovely backyard and wooded area. Off the kitchen is a full bath, a pantry closet and a storage closet. Newer appliances and kitchen floor. Heater for the jacuzzi is only 2 years old. All bedrooms are on the lower level. OH Sat and Sun 12:00-1:30 Offers if any due Monday 6/16 5:00 PM
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| Aug 24, 2018 | Sold | ||
| Sold | |||
| May 7, 2018 | Listed by Alliance Realty NE, LLC | $720,000 | |
| Listed by Alliance Realty NE, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017