88 Mechanic 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 |
|---|---|---|---|
| May 12, 2025 | Sold | ||
| Sold | |||
| Apr 12, 2025 | In contract | - | |
| In contract | |||
| Apr 7, 2025 | Listed | $499,000 | |
| Listed | |||
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DEADLINE: final and best offers due by Saturday 4/12 at NOON time. This super family friendly cape home is located on a side street just 1.9 miles from Atkins Farm Market It offers so many wonderful features you must see! The metal roof by Guardian Interlock Roofing has a transferable 50 year warranty. Attractive maintenance free vinyl siding, Pella windows plus a Generac propane generator. You will enjoy summers on the sprawling decks & cool off in the above ground pool Entertain in the great room over the garage that offers heat & cooling by the mini split. An oversized garage attached to the house is perfect for larger vehicles, motorcycles or a workshop. A bright comfortable sunroom for relaxing has heat supplemented by a pellet stove and is an open space to the kitchen. A dining room, living room with a fireplace, first floor bedroom and bath with shower stall all on the first floor. Two bedroom upstairs with another full bath. A full basement with laundry and bulkhead.
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| Jun 2, 2016 | Sold | ||
| Sold | |||
| Aug 17, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017