87 Madison Ave. #3
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%.
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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 |
|---|---|---|---|
| Jul 9, 2026 | Sold | ||
| Sold | |||
| Jun 4, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | Listed by Tutto Properties, LLC | $674,900 | |
| Listed by Tutto Properties, LLC | |||
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Modern penthouse living in a 2022 construction dwelling, thoughtfully designed for today’s lifestyle. The bright open concept layout seamlessly connects the kitchen and living room, creating the perfect space for entertaining and everyday living. The modern kitchen features flat panel cabinetry, quartz countertops, stainless steel appliances, and an oversized peninsula with seating for four as its centerpiece. The practical floor plan includes a primary suite with a private balcony, two additional bedrooms, and in unit laundry. This unit also comes with an off street parking spot and oversized deeded storage space in the basement. Ideally located in Everett with easy access to Revere Beach Parkway and Route 1, this home is positioned in one of the fastest growing emerging markets surrounding Boston, with transformative developments continuing to redefine the city and its future. Don’t miss your opportunity to join the most exciting and evolving community in Greater Boston!
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| Mar 3, 2022 | Sold | ||
| Sold | |||
| Mar 24, 2021 | Listed by Century 21 North East | $559,900 | |
| Listed by Century 21 North East | |||
| | |||
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New Construction: 3 new garden style condos. Roughly 1083 square feet, 3 bedrooms, 2 full baths. Stainless steel Bosch appliances, Mitsubishi in ceiling ductless mini split, instant hot water, big storage area in basement, intercom access, 2 off street parking for building. There is still time to pick your tile and granite. Call for appointment
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/12/2026
|
3 Bed
|
2 Bath
|
1100 ft²
|
$674,900
3 Bed
2 Bath
1100 ft²
|
$647,500
-4.06%
07/09/2026
|
Jonathan DaSilva
Tutto Properties, LLC
| |
|
09/13/2023
|
3 Bed
|
2 Bath
|
1083 ft²
|
$559,900
3 Bed
2 Bath
1083 ft²
|
$550,000
-1.77%
10/31/2023
|
Andrew DaSilva
Popular Properties Realty,Inc.
| |
|
09/12/2023
| |
3 Bed
|
2 Bath
|
1083 ft²
|
$559,900
3 Bed
2 Bath
1083 ft²
|
$550,000
-1.77%
10/31/2023
|
Andrew DaSilva
Engel & Volkers Boston
|
|
11/29/2021
|
3 Bed
|
2 Bath
|
1083 ft²
|
$539,900
3 Bed
2 Bath
1083 ft²
|
$525,000
-2.76%
01/28/2022
|
Andrew DaSilva
Popular Properties Realty,Inc.
| |
|
08/23/2021
|
3 Bed
|
2 Bath
|
1083 ft²
|
$539,900
3 Bed
2 Bath
1083 ft²
|
$535,000
-0.91%
01/21/2022
|
Rajit Shrestha
360 Realty LLC
| |
|
03/24/2021
|
3 Bed
|
2 Bath
|
1083 ft²
|
$559,900
3 Bed
2 Bath
1083 ft²
|
$555,000
-0.88%
03/03/2022
|
Cudmore and Associates
RE/MAX On the River, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017