1346 40th Avenue
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 |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Jan 31, 2025 | In contract | - | |
| In contract | |||
| Dec 3, 2024 | Price Increased |
$430,000
↑ $25K
(6.2%) | |
| Price Increased | |||
| Oct 31, 2024 | Listed by Dale Sorensen Real Estate Inc. | $405,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
| | |||
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This stunning cul-de-sac home offers privacy and modern living with a spacious fenced backyard, large pool, and screened patio perfect for entertaining. The open-concept kitchen, remodeled in 2019, boasts a farmhouse sink and updated finishes. Recent upgrades include a 2023 master bath remodel, new vinyl flooring, and durable tile. Hurricane shutters, security cameras, and no HOA add peace of mind. Freshly painted interiors and exterior (2023/2024) make it move-in ready. Bonus room off the kitchen enhances living space. Rm sz approx and sub to err.
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| Jun 12, 2019 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017