2814 40th Ave
About This Property
The kitchen is designed for both function and style, boasting elegant cabinetry, granite countertops, a large island with seating, and stainless steel appliances. The adjacent dining area offers a seamless transition to the backyard, ideal for entertaining.
The primary suite is a private retreat, featuring a generous layout, plush carpeting, and an en-suite bathroom with a dual-sink vanity and walk-in shower. The additional bedrooms provide ample space for family, guests, or a home office.
Outside, the fenced backyard is ready for outdoor enjoyment, with space for gatherings or relaxation. A two-car garage and well-maintained landscaping add to the home's appeal. Located in a desirable neighborhood, this home is close to shopping, dining, and recreation.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017