49 Washington Square #49
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 |
|---|---|---|---|
| Aug 31, 2023 | Sold | ||
| Sold | |||
| Jul 1, 2023 | In contract | - | |
| In contract | |||
| Jun 22, 2023 | Listed by James A. Finn & Sons | $825,000 | |
| Listed by James A. Finn & Sons | |||
| Sep 4, 2020 | Sold | ||
| Sold | |||
| Mar 27, 2020 | Listed by James A. Finn & Sons | $375,000 | |
| Listed by James A. Finn & Sons | |||
| | |||
|
Attractive Greek Revival Townhouse condo on historic Salem Common. Fantastic antique with Indian shutters, wide pine floors and period fireplace mantels. This home is in need of a full renovation and may not qualify for standard mortgage financing. Construction financing or cash necessary to restore this fantastic home to its rightful beauty. Comparable condos with less desirable location selling in 6 and 7 hundred thousands range.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/22/2023
|
4 Bed
|
4 Bath
|
2231 ft²
|
$825,000
4 Bed
4 Bath
2231 ft²
|
$850,000
+3.03%
08/31/2023
|
M. J. Taglieri
Options Real Estate Services, LLC
| |
|
03/27/2020
|
4 Bed
|
2 Bath
|
2186 ft²
|
$375,000
4 Bed
2 Bath
2186 ft²
|
$355,000
-5.33%
09/04/2020
|
Ted Richard
J. Barrett & Company
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017