308 40th Street
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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 |
|---|---|---|---|
| Aug 6, 2024 | Sold | ||
| Sold | |||
| May 28, 2024 | In contract | - | |
| In contract | |||
| Apr 18, 2024 | Listed by Realty Connect USA LLC | $699,999 | |
| Listed by Realty Connect USA LLC | |||
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Explore this beautifully renovated Cape-style home in Lindenhurst! With 5 bedrooms and 3 full bathrooms, this residence offers an intriguing open layout and a spacious walkout basement. The kitchen is every chef's dream, featuring ample cabinets, extensive countertops, and a central island for added convenience in meal preparation and gathering. Step outside to enjoy the fenced-in backyard and generous outdoor entertainment space. Conveniently situated near Lindenhurst's vibrant downtown, as well as shops, breweries, and restaurants. Don't miss out on the opportunity to make this your forever home!
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| Jan 8, 2015 | Sold | ||
| Sold | |||
| Nov 12, 2014 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017