
8
Map


305 E 40TH Street #2U
About This Property
Upon entering, you will be greeted by an updated separate kitchen featuring modern appliances and ample storage space. The new floors throughout the unit add a touch of elegance and create a seamless flow. A convenient desk nook provides a dedicated area for work or study. Sliding doors cleverly divide the sleeping area, providing privacy and flexibility in the layout.With one bathroom, this cozy space is just the answer for those seeking simplicity and efficiency.
Situated in a full-service building, residents of 305 East 40th Street enjoy a host of amenities. For those with a vehicle, a garage is available within the building for a monthly fee. A bike room ensures storage for your two-wheeled companion. Additionally, the shared roof deck provides a serene escape where you can unwind and take in breathtaking city views.A laundry room is conveniently located within the building, eliminating the need for off-site trips. The presence of a live-in superintendent ensures prompt assistance and a well-maintained environment.
Convenience is key in this prime location, as the property is just a stone's throw away from Grand Central Terminal, providing easy access to transportation options throughout the city.With its convenient location, updated features, and tranquil ambiance, 305 East 40th Street 2U presents an excellent opportunity for those seeking a comfortable and low-maintenance lifestyle in the heart of Manhattan. Don't miss out on this chance to own a piece of this coveted neighborhood.
Contact us today to schedule a viewing and make this delightful studio apartment your new home.
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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 |
---|---|---|---|
Oct 8, 2024 | Sold | ||
Sold | |||
Jul 17, 2024 | In contract | - | |
In contract | |||
Jun 1, 2024 | Price Decreased |
$399,000
↓ $11K
(2.7%) | |
Price Decreased | |||
Apr 19, 2024 | Listed by Corcoran Group | $410,000 | |
Listed by Corcoran Group | |||
May 19, 2015 | Sold to Eugene Grasso, Michael Thai | ||
Sold to Eugene Grasso, Michael Thai |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/05/2024
|
1 Bed
|
1 Bath
|
-
|
$698,000
1 Bed
1 Bath
|
$650,000
-6.88%
12/10/2024
|
-
|
Alan Chorm
Prudential Douglas Elliman Real Estate
| |
05/28/2024
|
2 Bed
|
2 Bath
|
-
|
$1,190,000
2 Bed
2 Bath
|
$1,185,000
-0.42%
02/10/2025
|
-
|
Regina P Knight
Corcoran Group
| |
05/22/2024
|
1 Bed
|
1 Bath
|
575 ft²
|
$600,000
1 Bed
1 Bath
575 ft²
|
$575,000
-4.17%
01/21/2025
|
-
|
Georgina Cabrera
Brown Harris Stevens
| |
04/19/2024
|
Studio
|
1 Bath
|
-
|
$410,000
Studio
1 Bath
|
$385,000
-6.10%
10/08/2024
|
-
|
Yan Lee
Corcoran Group
| |
04/03/2024
|
1 Bed
|
1 Bath
|
-
|
$629,000
1 Bed
1 Bath
|
$605,000
-3.82%
07/30/2024
|
-
|
Nicholas Andreassi
Compass
| |
02/21/2024
|
Studio
|
-
|
-
|
$550,000
Studio
-
|
-
-
|
-
|
Carl Bishop
NYC PROPERTY EXPO INC
| |
02/09/2024
|
Studio
|
1 Bath
|
-
|
$399,000
Studio
1 Bath
|
$375,000
-6.02%
08/27/2024
|
-
|
Georgina Cabrera
Brown Harris Stevens
| |
02/01/2024
|
Studio
|
-
|
-
|
$435,000
Studio
-
|
-
-
|
-
|
Carl Bishop
NYC PROPERTY EXPO INC
| |
12/28/2023
|
1 Bed
|
1 Bath
|
710 ft²
|
$500,000
1 Bed
1 Bath
710 ft²
|
$499,900
-0.02%
02/14/2024
|
-
|
Georgina Cabrera
Brown Harris Stevens
| |
08/22/2023
|
1 Bed
|
1 Bath
|
600 ft²
|
$499,000
1 Bed
1 Bath
600 ft²
|
$476,000
-4.61%
03/22/2024
|
-
|
Lily Birnbach
Prudential Douglas Elliman Real Estate
| |
02/13/2023
|
Studio
|
1 Bath
|
475 ft²
|
$435,000
Studio
1 Bath
475 ft²
|
$435,000
06/18/2023
|
-
|
Therese Bateman
Level Group
| |
07/06/2022
|
2 Bed
|
2 Bath
|
-
|
$1,295,000
2 Bed
2 Bath
|
$1,280,000
-1.16%
10/20/2022
|
-
|
David Glick
Elliman
| |
04/29/2022
|
Studio
|
1 Bath
|
-
|
$435,000
Studio
1 Bath
|
-
-
|
-
|
Xiaodong Yan
Mont Sky Real Estate LLC
| |
04/11/2022
|
1 Bed
|
1 Bath
|
-
|
$579,000
1 Bed
1 Bath
|
-
-
|
-
|
Christopher Rassam
Serhant
| |
04/07/2022
|
2 Bed
|
1 Bath
|
-
|
$749,000
2 Bed
1 Bath
|
$510,000
-31.91%
10/27/2022
|
-
|
Barbara Franklin
Douglas Elliman Real Estate
| |
03/11/2022
|
3 Bed
|
2 Bath
|
1100 ft²
|
$1,395,000
3 Bed
2 Bath
1100 ft²
|
-
-
|
-
|
Xiaodong Yan
Mont Sky Real Estate LLC
| |
02/01/2022
|
Studio
|
1 Bath
|
-
|
$465,000
Studio
1 Bath
|
$460,000
-1.08%
06/09/2022
|
-
|
Therese Bateman
Level Group
| |
11/29/2021
|
Studio
|
1 Bath
|
450 ft²
|
$399,000
Studio
1 Bath
450 ft²
|
$362,500
-9.15%
12/08/2023
|
-
|
Shari Birnbach-Pels
Elliman
| |
09/28/2021
|
1 Bed
|
1 Bath
|
-
|
$549,000
1 Bed
1 Bath
|
$535,000
-2.55%
03/31/2022
|
-
|
Georgina Cabrera
Brown Harris Stevens
| |
09/28/2021
|
Studio
|
1 Bath
|
-
|
$469,000
Studio
1 Bath
|
$437,500
-6.72%
03/16/2022
|
-
|
Janna Raskopf
Prudential Douglas Elliman Real Estate
| |
05/12/2021
|
Studio
|
1 Bath
|
-
|
$475,000
Studio
1 Bath
|
$420,000
-11.58%
12/22/2021
|
-
|
David Son
Prudential Douglas Elliman Real Estate
| |
05/10/2021
|
1 Bed
|
1 Bath
|
-
|
$699,000
1 Bed
1 Bath
|
$667,000
-4.58%
10/26/2021
|
-
|
Christopher Rassam
Serhant
| |
04/26/2021
|
Studio
|
1 Bath
|
475 ft²
|
$435,000
Studio
1 Bath
475 ft²
|
$400,000
-8.05%
04/07/2022
|
-
|
Nicole Hatoun
Corcoran Group
| |
04/14/2021
|
1 Bed
|
1 Bath
|
-
|
$529,000
1 Bed
1 Bath
|
$531,000
+0.38%
12/28/2021
|
-
|
Georgina Cabrera
Brown Harris Stevens
| |
02/22/2021
|
Studio
|
1 Bath
|
-
|
$500,000
Studio
1 Bath
|
$450,000
-10.00%
08/20/2021
|
-
|
Stacey Froelich
The Corcoran Group
| |
05/28/2020
|
1 Bed
|
1 Bath
|
750 ft²
|
$635,000
1 Bed
1 Bath
750 ft²
|
$635,000
12/11/2020
|
-
|
Georgina Cabrera
Brown Harris Stevens
| |
07/18/2019
|
1 Bed
|
1 Bath
|
-
|
$635,000
1 Bed
1 Bath
|
$625,000
-1.57%
01/16/2020
|
-
|
Lynn Sullivan
Brown Harris Stevens
| |
01/18/2019
|
3 Bed
|
3 Bath
|
1800 ft²
|
$1,799,000
3 Bed
3 Bath
1800 ft²
|
$1,799,000
06/07/2019
|
-
|
Samantha Pinkowitz
Brown Harris Stevens Residential Sales LLC
| |
08/30/2018
|
2 Bed
|
2 Bath
|
-
|
$1,200,000
2 Bed
2 Bath
|
$1,150,000
-4.17%
01/23/2019
|
-
|
Julie Perlin
Compass
| |
03/22/2018
|
3 Bed
|
3 Bath
|
-
|
$2,350,000
3 Bed
3 Bath
|
$2,325,000
-1.06%
07/11/2018
|
-
|
Julie Perlin
Compass
|
Building Info
- 361 Units
- 2 Units for Sale
