49 Washington Square #49
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 |
|---|---|---|---|
| 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 | |||
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|
Historic gem in the heart of Salem! Completely renovated in 2021, this townhouse has 4 beds, 3.5 baths and spans three floors all of which overlook the beautiful Salem Commons.1st floor includes formal entry with impressive staircase, adjoining parlor, dining room and convenient powder bath. In the back of the house is the gorgeous eat-in kitchen with access to the quiet patio and driveway. The 2nd floor boasts a lovely primary bedroom with walk-in closet, and beautiful en-suite bathroom. A wonderful reading room/office, guest bed and bath round out the second floor. The additional two beds and bathroom are perched on the 3rd floor. Period details of high ceilings, tall windows with panel shutters, wide plank pine flooring, multiple decorative fpls, and a back staircase make this home truly unique. Renovations include new electrical, plumbing and HVAC essential for modern living. Majority of windows replaced with Pella Architect series. Easy access to the train station & 2 car parking!
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| Sep 4, 2020 | Sold | ||
| Sold | |||
| Mar 27, 2020 | Listed by James A. Finn & Sons | $375,000 | |
| Listed by James A. Finn & Sons | |||
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|
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