59 Salem Road
About This Property
The manager has listed the unit size as 1840 square feet.
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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 |
|---|---|---|---|
| Sep 8, 2023 | Sold | ||
| Sold | |||
| Sep 7, 2023 | No longer available | - | |
| No longer available | |||
| Jun 14, 2023 | Listed | $385,000 | |
| Listed | |||
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Welcome to 59 Salem Road! This house has been lovingly cared for over the years and is ready for new owners to call home. This house is situated on a 1+ acre private lot and offers a very open layout. Large living room with fireplace, kitchen with quartz counters, and 4 season room with cathedral ceilings/skylights. Tranquil setting from the back patio. Newer front siding and new oil tank replacement. Take a look today before its gone!
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| Jun 1, 2023 | No longer available | - | |
| No longer available | |||
| Apr 28, 2023 | Listed | $399,900 | |
| Listed | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017