46 Chestnut 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 22, 2025 | Sold | ||
| Sold | |||
| May 7, 2025 | In contract | - | |
| In contract | |||
| Apr 23, 2025 | Listed | $1,850,000 | |
| Listed | |||
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Exquisitely renovated in 2018–2019, this refined residence on coveted Chestnut Street seamlessly marries 19th-century elegance with modern luxury. Built in 1870, it retains high ceilings, gracious 2nd Empire windows, original woodwork, & heart pine floors. And the sweeping staircase with is curved mahogany rail ascending to the 3rd floor...truly stunning! All systems are new, including 4-zone HVAC, wiring, plumbing, and luxe baths and kitchen. The custom kitchen offers ingenious storage, Sub-Zero and Thermador appliances, and is flooded with light through colonial revival doors surmounted by a Palladian window, opening to a deck overlooking the garden. Upper floors feature tranquil bedrooms, offices, elegant baths, and laundry; the primary suite indulges with a bespoke dressing room and a marble mosaic bath. The lower level includes a sunny play/workout room, workshop, storage, and second laundry. With off street parking, in a leafy residential setting, moments from downtown Salem!
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| Jul 10, 2018 | Sold | ||
| Sold | |||
| Mar 15, 2018 | Listed by Armstrong Field Real Estate | $825,000 | |
| Listed by Armstrong Field Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017