53 Salem 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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Jan 12, 2026 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Price Decreased |
$2,799,000
↓ $200K
(6.7%) | |
| Price Decreased | |||
| Apr 4, 2025 | Listed by William Raveis R.E. & Home Services | $2,999,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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Nestled in desirable location and mere steps to Philips Academy, this stunning home exudes elegance. Custom kitchen, with upgraded appliances, center island, and unique copper skylight bathes the space in natural light. Elegant living/family room with gas fireplace, built-ins, and a wet bar, perfect for entertaining. Dining room, perfect for gathering, while dedicated office offers a quiet retreat for work or study. Fireplaced sitting room, convenient half bath, pantry, sun-drenched sunroom and mudroom enhance the functionality of the first floor. The second floor has four generously bedrooms, including primary suite that provides a private oasis. Additional two full baths service other bedrooms, ensuring comfort for all. Impressive new breezeway connects main house to a newly constructed four-stall garage with finished loft, featuring kitchenette, exercise room, full bath, laundry, ideal for guests or personal retreat. This timeless beauty with modern conveniences make it a rare find.
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| May 17, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017