9 Salem Drive #C
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 |
|---|---|---|---|
| Aug 23, 2017 | Sold | ||
| Sold | |||
| May 31, 2017 | Listed by Crossroads Realty Inc-Waretown | $46,000 | |
| Listed by Crossroads Realty Inc-Waretown | |||
| | |||
|
Adult Community. $182.00 / month pays the real estate TAXES and association fee. Very comfortable life style. Covered patio with trees and bushes as buffer. If you are looking for Clean and well maintained yet inexpensive this is it.
| |||
| Aug 27, 2014 | Sold | ||
| Sold | |||
| Jul 24, 2014 | Listed by Crossroads Realty Inc-WH | $38,900 | |
| Listed by Crossroads Realty Inc-WH | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/02/2021
| |
2 Bed
|
1 Bath
|
797 ft²
|
$52,900
2 Bed
1 Bath
797 ft²
|
$52,000
-1.70%
01/21/2022
|
Patricia Guerra
RE/MAX at Barnegat Bay - Manahawkin
|
|
11/30/2021
|
Loft
|
1 Bath
|
797 ft²
|
$52,900
Loft
1 Bath
797 ft²
|
$52,000
-1.70%
01/21/2022
|
Patricia Guerra
RE/MAX at Barnegat Bay - Manahawkin
| |
|
09/20/2021
|
2 Bed
|
1 Bath
|
-
|
$45,000
2 Bed
1 Bath
|
$42,000
-6.67%
01/28/2022
|
Noreen Lynch
Crossroads Realty Inc-WH
| |
|
08/26/2019
| |
Loft
|
1 Bath
|
-
|
$48,500
Loft
1 Bath
|
$44,750
-7.73%
02/04/2020
|
Anthony Tota
Berkshire Hathaway HomeServices Fox & Roach
|
|
07/29/2017
| |
2 Bed
|
1 Bath
|
797 ft²
|
-
2 Bed
1 Bath
797 ft²
|
-
-
|
-
|
|
05/31/2017
|
Loft
|
1 Bath
|
797 ft²
|
$46,000
Loft
1 Bath
797 ft²
|
$42,000
-8.70%
08/23/2017
|
Marc Williams
Crossroads Realty, Inc
| |
|
07/24/2014
|
Loft
|
1 Bath
|
797 ft²
|
$38,900
Loft
1 Bath
797 ft²
|
$38,900
08/27/2014
|
Ursula Donat
Crossroads Realty Inc-WH
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017