1428 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 |
|---|---|---|---|
| Sep 7, 2022 | Sold | ||
| Sold | |||
| Jun 16, 2022 | Listed by Sears Real Estate | $375,000 | |
| Listed by Sears Real Estate | |||
| Oct 9, 2015 | Sold | ||
| Sold | |||
| Feb 18, 2014 | Listed | $179,500 | |
| Listed | |||
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Sold in As-Is Condition. Sale subject to third party lender approval-- bank approved at this price. Seller may cancel this agreement prior to the ending date of the listing period without advanced notice to the Broker, and without payment of a commission or any other consideration if the property is conveyed to the mortgage insurer or the mortgage holder. The sale completion is subject to approval by the mortgagee.
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| Oct 3, 2008 | Listed | $139,900 | |
| Listed | |||
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1K Earnest $. BEFORE INSPECTIONS BUYER TO INCUR CHARGE OF $125 FOR DE-WINTERIZATION. Buyer verify Measurements. PROOF OF FINANCING REQUIRED ON ALL OFFERS. AGENTS TO INCLUDE CELL# & E-MAIL ADDRESS WITH OFFERS. Bittersweet at Less Than $140 ??? Correct, Wood Burning Stove, Upgraded Window Units, Upgraded Floor Treatments, Over-Sized Garage, Deck Walk-Out Basement, A Hop & A Skip to Park. PROPERTY SOLD AS IS CONDITION. MOTIVATED BRING OFFERS.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017