1040 Chambers Ave #1
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 18, 2025 | Sold | ||
| Sold | |||
| Jul 17, 2025 | In contract | - | |
| In contract | |||
| Jul 12, 2025 | Listed by eXp Realty, LLC | $765,000 | |
| Listed by eXp Realty, LLC | |||
| Apr 12, 2025 | Listed | $800,000 | |
| Listed | |||
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Rare live-work opportunity on Chambers Ave in Eagle! This versatile commercial/residential property offers the perfect setup for entrepreneurs, contractors, or small business owners. Downstairs features 510 sq. ft. of office space and a 612 sq. ft. shop/garage, while upstairs offers a spacious 834 sq. ft. luxury 1-bedroom apartment with a full kitchen and appliances—ideal for on-site living or employee housing. With 8 parking spaces and prime street visibility, it's a turnkey solution for work-life balance and business success. Don't miss your chance to own this unique space!
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| Mar 26, 2025 | Listed | $800,000 | |
| Listed | |||
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So many possibilities await with this unique commercial/residential building! Located right on Chambers Ave, this property offers a versatile combination of office space (510 sq. ft.), a shop/garage (612 sq. ft.) , and a fully-appointed 1-bedroom apartment above (834 sq. ft.). Perfect for a retail business, contractor's office, or any entrepreneurial venture with the added benefit of employee housing. Enjoy excellent visibility and exposure, plus ample parking with 8 spaces. The apartment comes complete with a full kitchen and all appliances included, making it move-in ready. Don't miss this opportunity to create your own success—act now!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/12/2025
|
1 Bed
|
1 Bath
|
834 ft²
|
$765,000
1 Bed
1 Bath
834 ft²
|
$735,000
-3.92%
08/18/2025
|
Amy Smits
eXp Realty LLC - Resort Experts
| |
|
05/22/2024
|
Loft
|
-
|
1956 ft²
|
$770,000
Loft
-
1956 ft²
|
-
-
|
Crystal Jay Seatvet
Berkshire Hathaway-Lionshead
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017