3
Map
1926 40th Avenue
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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 |
|---|---|---|---|
| Apr 23, 2024 | Sold | ||
| Sold | |||
| Dec 31, 2023 | Listed by LPT Realty, LLC | $245,000 | |
| Listed by LPT Realty, LLC | |||
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Investment Opportunity: Distressed single-family house zoned for a conversion to a duplex with two kitchens and four bedrooms. Adjoining multifamily lots available for separate purchase. Owner offers seller financing for both the house and lots, providing a flexible investment option for savvy buyers.
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| Aug 5, 2023 | No longer available | - | |
| No longer available | |||
| Aug 6, 2022 | Listed by Billero & Billero Properties | $499,000 | |
| Listed by Billero & Billero Properties | |||
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Sleeping opportunity for the astute Investor/Builder. CBS home. 3 lots. .25 zoned single family. .24 and .24 zoned multi-family. Zoning RCLO. Apartment building, multi-family, creative thinking. Near Perkins Drug Store/Office Building on Rt 60 and 40th Ave. Developing location. Total .73 acre.
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| Mar 17, 2022 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017