8 Sylvan St #A
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 |
|---|---|---|---|
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Jul 21, 2025 | In contract | - | |
| In contract | |||
| Jul 16, 2025 | Listed by LAER Realty Partners | $599,900 | |
| Listed by LAER Realty Partners | |||
| |||
|
Welcome to this bright and beautiful young townhouse in the heart of Downtown Danvers! Enjoy the ultimate walkable lifestyle—just steps to the rail trail, library, shops, and restaurants, with easy access to major highways. Inside, you'll find 3 generously sized bedrooms including a dreamy primary suite with vaulted ceilings, a sunny living room with a cozy gas fireplace, and oversized windows that let the sunshine pour in. The modern kitchen shines with granite counters, stainless steel appliances, and island seating—perfect for entertaining! Hardwood floors throughout add warmth and style. Bonus: the basement is 682 sq ft and has the potential to be finished for extra living space. Other features of this home include central air, in unit laundry hookups, recessed lighting and off street parking. Don't miss this vibrant home in a fantastic location!
| |||
| Jul 9, 2025 | No longer available | - | |
| No longer available | |||
| Jun 10, 2025 | Price Decreased |
$619,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/01/2025
|
3 Bed
|
2 Bath
|
1589 ft²
|
$649,000
3 Bed
2 Bath
1589 ft²
|
-
-
|
George Meimeteas
Boston Signature Homes
| |
|
08/06/2020
|
3 Bed
|
2 Bath
|
1589 ft²
|
$479,000
3 Bed
2 Bath
1589 ft²
|
$468,000
-2.30%
10/02/2020
|
Herrick Lutts Realty Partners
Keller Williams Realty Evolution
| |
|
07/19/2016
|
3 Bed
|
2 Bath
|
1589 ft²
|
$430,000
3 Bed
2 Bath
1589 ft²
|
$405,500
-5.70%
01/06/2017
|
Derek Greene
The Greene Realty Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017