40 Adams Avenue
About This Property
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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 |
|---|---|---|---|
| Nov 19, 2025 | Sold | ||
| Sold | |||
| Aug 30, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Listed by Metrex Realty INC | $99,000 | |
| Listed by Metrex Realty INC | |||
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Ready-to-build lot with foundation already in place and approvals secured, this exceptional property at 40 Adams Ave in Middletown presents an incredible opportunity to bring your dream home to life. The architectural plan is thoughtfully designed for a charming three-bedroom residence, complemented by an additional unfinished level that provides endless possibilities—it can be transformed into a family room, home office, gym, or guest suite to perfectly suit your lifestyle. With convenient access to electric, gas, and sewer, all essential utilities are ready, allowing for a smooth and efficient building process. Priced very competitively in today’s market, this lot offers not only a true head start but also the chance to create a personalized, one-of-a-kind home in a desirable Middletown location.
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| Dec 14, 2022 | Sold | ||
| Sold | |||
| Oct 25, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017