40 Cornell 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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| May 21, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Listed | $825,000 | |
| Listed | |||
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Wonderful 4 bedroom, 2.5 bath Colonial nestled on a cul de sac in one of Beverly's most desirable neighborhoods. This home features a smart floor plan with spacious rooms and an abundance of natural light. The first floor offers a beautiful front to back living room with a fireplace and a comfortable dining room, both with newly re-finished hardwood floors. Enjoy the eat-in kitchen with white cabinetry, a center island, and exterior access to a large deck overlooking the tranquil backyard. There is a half bath with laundry on the first floor. The second level features 3 generous-sized bedrooms with a primary suite and walk-in closet. Continue to the third floor bonus room that can function as a 4th bedroom, an office, exercise room, or playroom. This charming home has many recent updates. Conveniently located close to shopping, restaurants, area beaches, and the commuter rail to Boston. Open Houses are Friday (516) from 3:00 - 5:00 pm and Sat.(517) and Sun.(5/18) from 11:00am - 2:00 pm
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| Oct 31, 2016 | Sold | ||
| Sold | |||
| Aug 24, 2016 | Listed by Keller Williams Realty Evolution | $499,000 | |
| Listed by Keller Williams Realty Evolution | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017