289 Salter Path Road #4
About This Property
The allure of oceanfront living extends beyond the interiors. Enjoy your private balcony where you can witness mesmerizing sunsets and the rhythmic waves below. Immerse yourself in the neighborhood amenities - a community pool, boardwalk to the beach, and direct ocean access.
Located in a highly coveted area, this complex provides easy access to local attractions, dining, and entertainment. With negotiable furnishings, this turnkey condo invites you to seize the rare opportunity to own a piece of paradise - a residence that transcends the ordinary, offering a lifestyle defined by coastal charm and sophistication.
The manager has listed the unit size as 1766 square feet.
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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 |
|---|---|---|---|
| Mar 8, 2024 | No longer available | - | |
| No longer available | |||
| Jan 28, 2024 | In contract | - | |
| In contract | |||
| Jan 24, 2024 | Listed | $964,500 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/24/2024
|
3 Bed
|
2 Bath
|
1766 ft²
|
$964,500
3 Bed
2 Bath
1766 ft²
|
-
-
|
Mary Cheatham King team
Keller Williams Crystal Coast
| |
|
09/13/2023
|
3 Bed
|
3 Bath
|
2590 ft²
|
$774,900
3 Bed
3 Bath
2590 ft²
|
-
-
|
Mary Cheatham King team
Keller Williams Crystal Coast
| |
|
11/18/2022
|
3 Bed
|
2 Bath
|
1766 ft²
|
$875,900
3 Bed
2 Bath
1766 ft²
|
$876,000
+0.01%
01/04/2023
|
Cynthia Safrit
Eddy Myers Real Estate
| |
|
07/02/2021
|
3 Bed
|
3 Bath
|
2269 ft²
|
$699,900
3 Bed
3 Bath
2269 ft²
|
-
-
|
Mary Cheatham King Real Estate team
Keller Williams Crystal Coast
| |
|
05/16/2018
|
3 Bed
|
2 Bath
|
1664 ft²
|
$610,000
3 Bed
2 Bath
1664 ft²
|
$600,000
-1.64%
09/10/2018
|
Pam Bird
| |
|
07/30/2017
| |
3 Bed
|
3 Bath
|
2399 ft²
|
-
3 Bed
3 Bath
2399 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017