48 Salt Marsh Way
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Apr 21, 2023 | Sold | ||
| Sold | |||
| Feb 6, 2023 | In contract | - | |
| In contract | |||
| Nov 1, 2022 | No longer available | - | |
| No longer available | |||
| Nov 1, 2022 | Listed by Kinlin Grover Compass | $3,795,000 | |
| Listed by Kinlin Grover Compass | |||
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Enjoy the rare water views from the Isaiah Nickerson Farm on private 4 Acres of prime No. Chatham land, evoking the true feeling of Cape Cod. This charming classic 10 room antique is sited on an elevated knoll overlooking Pleasant Bay& Strong Island with deeded rights to a private sandy beach where a boat mooring is possible. You will love the beautiful natural setting among bird life & sound of the surf. With only 3 owners since 1780, this home is lovingly maintained & admired for it's original wide pine floors, original mantels framing 3 working fireplaces,& unique details including a full foundation under, atypical for 1780 homes. Completing the floor plan is living rm, dining room, plus study; total 5 Bedrooms including 2 primary suites, 1st & 2nd Floors, 3 bathrooms, a vaulted/beamed ceiling family/TV room on 2nd Flr, plus laundry rm. Oversize 2 car garage with storage, O.S. Endless possibilities for a legacy estate on this private 4 Acres with room for a 2nd building or pool.
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| May 5, 2022 | Listed by Kinlin Grover Compass | $3,795,000 | |
| Listed by Kinlin Grover Compass | |||
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Significant $595,000. Price enhancement. Are you looking for salt water coastal views in peaceful beautiful natural setting? You will want to stay forever when you come home to over 4 Acres in this private North Chatham hideaway location. Known as the Isaiah Nickerson Farm, this 10 room antique Cape, has been lovingly maintained, Proudly nestled and protected on an elevated knoll overlooking Bassing Harbor, Strong Island and Pleasant Bay, you will love entertaining in this 5 bedroom/3 bath home which includes: living room/fireplace, study/ fireplace, formal dining rm, kitchen, 1st Fl Primary bed/fireplace.2nd FL: sitting/TV area is a hub for the 4 bedrooms including a 2nd primary bedroom/bath suite. You have the benefit of deeded rights to gorgeous private sandy beach at end of the lane.4 Acres large enough for another home/pool to create your legacy estate. Rare opportunity for the GOOD LIFE!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017