44 Salem Road
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 |
|---|---|---|---|
| Jul 28, 2020 | Sold | ||
| Sold | |||
| Mar 5, 2020 | Listed by William Raveis R.E. & Home Services | $540,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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One of the most premier locations in the Blueberry hill neighborhood. Over 55 years ago the Seller picked our this lot before most homes around there were built. It is an exceptional lot that this 5 bedroom, 5 bathroom stately home sits on. Walking distance to all the schools & shops. This .61 acre lot has a huge rear yard for all types of outside activities. There are two 18 month old state of the art heating & cooling hot air system and a 4 year old roof. Beautiful hard wood floors, charming 1st floor office, 3 fireplaces,2 staircases to the second floor and the basement. Basement has a charming Pub room that has much charm and detail work. On the 1st floor is a bonus room that has almost 500 square feet of living space. The charming first floor office is a huge bonus. Great amount of natural light and detail work like crown moldings in this home. The 3 car garage, paver walkway and brick patio are added bonuses. With cosmetic updates buyers will generate instant equity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017