5 Salem Way
About This Property
Step through glass doors to a spacious deck overlooking private lush property, where vibrant perennial gardens create a serene outdoor oasis surrounding the blue stone patio, perfect for relaxing or entertaining.
Conveniently located with bus to Glenwood Landing Elementary and proximity to North Shore Middle and High Schools. Enjoy all the benefits of living in the Town of Oyster Bay, including access to TOBAY beaches, parks, and recreation and new Gold Coast Library. Low taxes: $12,444.26!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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, 2026 | Sold | ||
| Sold | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Listed by Compass Greater NY LLC | $925,000 | |
| Listed by Compass Greater NY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017