200 Salem Street #1
About This Property
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Cap Rate Calculator
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 |
---|---|---|---|
Feb 27, 2025 | In contract | - | |
In contract | |||
Feb 11, 2025 | Listed by Picture Perfect Properties | $589,000 | |
Listed by Picture Perfect Properties |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/13/2024
|
1 Bed
|
1 Bath
|
510 ft²
|
$530,000
1 Bed
1 Bath
510 ft²
|
$522,500
-1.42%
07/26/2024
|
-
|
Tyler Carlson
Core Property Group, LLC
| |
04/07/2014
|
2 Bed
|
1 Bath
|
530 ft²
|
$424,900
2 Bed
1 Bath
530 ft²
|
$423,900
-0.24%
08/15/2014
|
-
|
Kathy Mestari
Maureen Fiorelli Rlty Assoc Inc.
| |
09/21/2013
|
2 Bed
|
1 Bath
|
530 ft²
|
$399,000
2 Bed
1 Bath
530 ft²
|
$399,000
11/07/2013
|
-
|
Kathy Mestari
Maureen Fiorelli Rlty Assoc Inc.
| |
05/05/2009
|
2 Bed
|
1 Bath
|
530 ft²
|
$303,999
2 Bed
1 Bath
530 ft²
|
$293,000
-3.62%
03/16/2010
|
Jennifer Tate
Century 21 N. Shore RE
| ||
06/11/2004
|
1 Bed
|
1 Bath
|
510 ft²
|
$280,000
1 Bed
1 Bath
510 ft²
|
$273,000
-2.50%
08/09/2004
|
Andrew McKinnon
Elite Waterfront Properties
| ||
01/14/2002
|
1 Bed
|
1 Bath
|
510 ft²
|
$229,000
1 Bed
1 Bath
510 ft²
|
$215,000
-6.11%
05/15/2002
|
-
|
Sara Averbach
Coldwell Banker Residential Brokerage - Boston - Waterfront
|
Building Info
