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1641 40TH STREET SE
About This Property
contractor, or buyer looking for a rehab project. The property is currently in a hoarder condition and will require
extensive cleanout and updating.
This property is being sold strictly AS-IS, with the seller making no repairs. Buyers should perform their own due
diligence regarding condition, systems, permits, and renovation requirements. Ideal opportunity for a fix-and-flip,
renovation project, or long-term investment. Bring your contractor and vision.
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Cap Rate Calculator
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 4, 2026 | Sold | ||
| Sold | |||
| Aug 20, 2026 | In contract | - | |
| In contract | |||
| Aug 15, 2026 | Listed by Hawkins Real Estate Company | $225,000 | |
| Listed by Hawkins Real Estate Company | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017