61 High St
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 3, 2026 | Sold | ||
| Sold | |||
| Apr 10, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Listed by Herrick Lutts Realty Partners | $1,300,000 | |
| Listed by Herrick Lutts Realty Partners | |||
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Approved mixed-use development opportunity in the heart of downtown Danvers. The project consists of 9 total units, including 7 market-rate residential units, 1 affordable residential unit, and 1 commercial unit. The residential units are approximately 1,300 sq. ft. each and feature 2 bedrooms, 2.5 bathrooms, open floor plans, home office space, and in-unit laundry. The building is designed with modern amenities including elevator access, a fitness room, and covered parking for residents. The development also includes a 965 sq. ft. street-level commercial space, ideal for office or retail use. Prime downtown location close to local shops, restaurants, and amenities. Rare opportunity to deliver high-quality residential and commercial space in one of the North Shore’s most desirable communities.
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| Sep 28, 2007 | Sold | ||
| Sold | |||
| Jul 10, 2007 | Listed | $419,900 | |
| Listed | |||
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Address: 335 Madison Avenue, New York, NY 10017