40 Barnes Road
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%.
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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 |
|---|---|---|---|
| Sep 5, 2023 | Sold | ||
| Sold | |||
| Jul 20, 2023 | In contract | - | |
| In contract | |||
| May 29, 2023 | Listed by Grand Lux Realty, Inc. | $785,000 | |
| Listed by Grand Lux Realty, Inc. | |||
| Mar 18, 2019 | Sold | ||
| Sold | |||
| Sep 10, 2018 | Listed by Houlihan Lawrence Inc. | $549,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Drive down winding Barnes Road edged with antique and other homes on sprawling lawns. On the right is a lovely four bedroom, three bath split style home located on one acre. Entry foyer off front covered porch opens up to living room, dining room, and eat-in-kitchen. Hardwood floors on this level and upper bedroom level. Living room features brick wall with wood burning fireplace, raised slate hearth, and bow window. Dining room with views of back yard. Kitchen with granite countertops (2018), subway tile backsplash (2018), refrigerator (2017), propane gas range. Breakfast area opens to view of level backyard. Down to full bath, laundry area, door out to backyard. Family Room with access to two car garage, large closet, and sliding glass doors to patio and private back yard. Fourth bedroom/Den on this level. Interior painted, (2018). New floor in family room, (2018).
Just minutes to Club Fit, Millwood, Chilmark and Briarcliff shopping areas. Taconic and 9A nearby. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017