8 E Salem Road
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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, 2021 | Sold | ||
| Sold | |||
| May 5, 2021 | Listed by Julia B Fee Sothebys Int. Rlty | $449,000 | |
| Listed by Julia B Fee Sothebys Int. Rlty | |||
| Aug 23, 2017 | Sold | ||
| Sold | |||
| Feb 21, 2017 | Listed by K. Fortuna Realty, Inc. | $295,000 | |
| Listed by K. Fortuna Realty, Inc. | |||
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Lots of living space. Needs updating throughout but lots of potential. Sold as is. 5 bedrooms although Parcel lists 4. New septic installed 2007 and pumped 2015. Roof 5 years. 4 zones with greenhouse to be restored. Beautiful family room with stone fireplace; a diamond in the rough. Additional Information: ParkingFeatures:2 Car Attached,
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017