40 Colburn St
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 |
|---|---|---|---|
| Jul 15, 2025 | Sold | ||
| Sold | |||
| Jun 7, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Listed | $699,900 | |
| Listed | |||
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Fantastic neighborhood location for this solid cape-style home. Enter via the heated front porch/mudroom to the main level featuring a fireplaced living room with built-ins, dining room that leads to the back deck and is adjacent to the fully applianced kitchen. A den or third bedroom plus half bath completes the first floor. Two bedrooms and a recently updated full bath plus walk-in storage on the second floor. The walk out basement offers great storage and access to the one car garage. The back yard features a patio and a storage shed. Walk to town center!
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| Aug 25, 2017 | Sold | ||
| Sold | |||
| May 17, 2017 | Listed by Shea Realty Group | $499,900 | |
| Listed by Shea Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017