40 Craig Street
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 |
|---|---|---|---|
| Jun 20, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Apr 9, 2024 | Listed by REDFIN CORPORATION | $399,000 | |
| Listed by REDFIN CORPORATION | |||
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Welcome to this charming ranch home located on a corner lot. As you approach, you'll be greeted by an enclosed front porch to enjoy your morning coffee or welcoming guests. The fenced yard provides privacy and security, while the patio offers an ideal spot for outdoor gatherings and BBQs. Step inside to discover a cozy living room featuring hardwood floors and a ceiling fan. The kitchen, open to the living room, has oak cabinetry, subway tiled backsplash, and appliances including a refrigerator and freestanding stove/oven (2022). The main level also features two bedrooms, each with ceiling fans. The primary bedroom boasts hardwood floors, while the second bedroom is carpeted with hardwood underneath. A full bathroom with a tub/shower combination completes the main level. Venture downstairs to the finished basement, where you'll find three versatile rooms and laundry area with a washer and dryer. Additional features include radiator gas heating, thermal insulated windows, newer gutters and a 1-car detached garage. Excellent location ensures easy access to major highways, public transportation (2 miles from the Edison train station), great restaurants, local shopping, grocery stores (including Costco, Walmart, Shop Rite, Menlo Park Mall, Hmart and so much more), as well as local parks. Highest and best due Tuesday, April 16 at 7pm.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017