40 Boston 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%.
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 |
|---|---|---|---|
| Sep 3, 2025 | Sold | ||
| Sold | |||
| Aug 14, 2025 | In contract | - | |
| In contract | |||
| Jul 23, 2025 | Price Decreased |
$1,850,000
↓ $100K
(5.1%) | |
| Price Decreased | |||
| Jun 4, 2025 | Price Decreased |
$1,950,000
↓ $100K
(4.9%) | |
| Price Decreased | |||
| Apr 9, 2025 | Listed by Advisors Living - Andover | $2,050,000 | |
| Listed by Advisors Living - Andover | |||
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Move into this exquisite, newly built Colonial before the start of the new school year! Bathed in natural light, the spacious interior features an open layout, hardwood floors, generously sized bedrooms with expansive walk-in closets, and premium finishes. The master bed with a large ensuite bath, custom closet, and French doors abuts a bonus room, suited for a home office or private study. The gourmet kitchen with quartz countertops showcases a large island, wet bar with a wine fridge, and walk-in pantry with custom shelving and a second beverage cooler. Cozy up by the fireplace in the family room on chilly evenings. A large bedroom, full bath, and bonus space make up the finished basement, with access to the patio and peaceful backyard. The attic offers 600+ sq ft, ready to be finished. Book a private tour today to explore this exceptional new home, located just minutes from Foster's Pond, Goldsmith Woodlands, Harold Parker State Forest, and only 20 miles from Boston!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017