40 Barley Lane #40
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 |
|---|---|---|---|
| Dec 20, 2023 | Sold | ||
| Sold | |||
| Oct 17, 2023 | In contract | - | |
| In contract | |||
| Oct 17, 2023 | Relisted | $499,000 | |
| Relisted | |||
| Oct 11, 2023 | In contract | - | |
| In contract | |||
| Oct 5, 2023 | Listed by Eric G Ramsay Jr Assoc LLC | $499,000 | |
| Listed by Eric G Ramsay Jr Assoc LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/05/2023
|
2 Bed
|
2 Bath
|
-
|
$499,000
2 Bed
2 Bath
|
$511,000
+2.40%
12/20/2023
|
Elizabeth Volavka
Eric G Ramsay Jr Assoc LLC
| |
|
03/08/2020
| |
2 Bed
|
2 Bath
|
1150 ft²
|
$369,000
2 Bed
2 Bath
1150 ft²
|
-
-
|
James Clifton
Douglas Elliman Real Estate
|
|
08/23/2018
| |
2 Bed
|
2 Bath
|
1150 ft²
|
$349,000
2 Bed
2 Bath
1150 ft²
|
$335,000
-4.01%
12/31/2018
|
James Clifton
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017