34 Summer 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 |
|---|---|---|---|
| Jan 31, 2019 | Sold | ||
| Sold | |||
| Dec 14, 2018 | Listed by Keller Williams Realty Evolution | $649,000 | |
| Listed by Keller Williams Realty Evolution | |||
| Aug 31, 2018 | Sold | ||
| Sold | |||
| Aug 25, 2018 | No longer available | - | |
| No longer available | |||
| Aug 22, 2018 | Listed | $645,000 | |
| Listed | |||
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This Greek Revival Nicholas, G. House, circa 1830, located in the heart of Salem’s Historic District offers 5 bedrooms and 3 full baths. House was beautifully renovated to feature the historic beauties with modern amenities; 4 working fireplaces, high ceiling, ceiling beams, fine moldings, hardwood floor, eat-in kitchen, and many more. Also equipped with brand new central AC, brand new high efficiency furnace, new water heater, updated 200 amp electrical panels with a lot of spares left, all new plumbing, and etc. All associated permits were pulled and done accordingly to codes. One year warranty for central AC and high efficiency furnace units will be provided to new owner. The first floor features open floor concept. Kitchen comes with all brand new Samsung appliances, Samsung hood, and quartz countertops. Master suite with walk-in closet on the 2nd floor suits today’s desire. A short walking distance to Salem’s fine dining, shops, museum, and night life. It's a MUST SEE! The manager has listed the unit size as 2825 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017