87 Salem Road
About This Property
Custom colonial offering a total of 5 bedrooms, 2 full baths and 2 half baths.
Bright and open spaces, inlay hardwood floors and custom millwork throughout the home.
A welcoming 2 story foyer with herringbone wood pattern floors.
Living room with gas fireplace, shiplap and built in shelving.
Gorgeous kitchen with quartz countertop, custom inlay cabinets, farmhouse sink and brushed brass hardware.
Dining room with raised panel wainscoting and elegant wallpaper.
Imagine working from home on the office/ 5th bedroom.
Upstairs you will find 4 bedrooms, 2 1/2 bath.
Master suite with tray ceilings, walk in closet and luxurious master bath.
3 additional bedrooms, one with its own half bath. Finished basement with vinyl tile floors, custom built bar and laundry room.
Backyard features outdoor kitchen, gas fire pit, storage shed and inground sprinkler system.
Other features include: 2 Zone HVAC, Anderson Windows, tankless water heater and the list goes on.
Lovely neighborhood located off of Princeton Avenue.
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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 |
|---|---|---|---|
| Nov 30, 2022 | Sold | ||
| Sold | |||
| Sep 9, 2022 | Listed by C21 Thomson & Co. | $725,000 | |
| Listed by C21 Thomson & Co. | |||
| Feb 28, 2017 | Sold | ||
| Sold | |||
| Jul 14, 2016 | Listed by Weichert Realtors-Sea Girt | $409,900 | |
| Listed by Weichert Realtors-Sea Girt | |||
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This beautiful builder’s home underwent a complete renovation in 2008 with a focus on energy efficiency, open floor plan and lots of light. It has large Anderson Windows, a 40 yr Timberline roof and 2nd Flr Laundry Hookups. Hardwood floors throughout. See the extras list in documents. With four bedrooms, 2 ½ baths upstairs, and one bedroom and ½ bath on the first floor, there is plenty of space for a home office or play room. Master Bedroom has a balcony overlooking a fenced in back yard, patio on a quiet neighborhood. Wide street, no traffic. This home is all up to date and in move in condition. Click n Virtual tour too. Note: 1st floor bedroom is currently used as an office.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017