40 Central Avenue
About This Property
This three bedroom, three bathroom property boasts nearly 1600 sq. ft. of living space and is situated on a spacious corner lot. The layout of this home provides great space for entertaining guests. Don't miss your chance to seize this rare opportunity to own this lovely home in one of the most sought-after locations in Atlantic Highlands. Schedule your tour today and delight in all that this magnificent property has to offer.
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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 |
|---|---|---|---|
| Jul 9, 2024 | Sold | ||
| Sold | |||
| Jun 12, 2024 | In contract | - | |
| In contract | |||
| May 30, 2024 | Listed by Coldwell Banker Realty | $685,000 | |
| Listed by Coldwell Banker Realty | |||
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Completely renovated Atlantic Highlands colonial with a charming front porch and generous corner lot right in the heart of town. Enter the living room to find an inviting open floor plan and brand new wood floors throughout. The dining room leads you to the perfectly appointed kitchen with quartz countertops, subway tile backsplash, new stainless steel appliances, an abundance of storage and a large counter bar. Upstairs a spacious primary bedroom with his and hers closets, and a luxurious marble bathroom provides the perfect retreat. 2 additional bedrooms and another gorgeous bathroom complete the second floor. As stunning as this home is, behind the scenes is just as impressive, with new heat&ac, new water heater and a new roof there is really nothing to do but unpack! Just a few blocks from the restaurants and shops of charming downtown and the ferry to NYC. While just minutes away is the beautiful Jersey shore beaches. Perfect for those that want a coastal lifestyle with easy access to the city.
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| Aug 15, 2023 | Sold | ||
| Sold | |||
| May 27, 2023 | Listed by Lifestyle International Realty | $500,000 | |
| Listed by Lifestyle International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017