40 Downfield Way
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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 |
|---|---|---|---|
| May 28, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | Listed by Redfin | $2,050,000 | |
| Listed by Redfin | |||
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***NEW PRICE IMPROVEMENT***A private gated courtyard leads to an inviting space with brand-new hardwood flooring, baseboards, plantation shutters, and dining room paneling. Natural light fills the living and dining areas, while the family room boasts custom-built shelving, a black granite fireplace, and a hidden storage area. The remodeled kitchen features a spacious granite island, quartz countertops, new cabinetry, and a walk-in pantry. The breakfast nook, framed by bay windows, overlooks the backyard putting green. Exit outside to enjoy the Pebble Tech spool with waterfalls and Jacuzzi jets, and a built-in BBQ island. A main-floor bedroom and upgraded travertine bathroom provide convenience, while the spacious laundry room offers new cabinetry, quartz counters, and a utility sink. Upstairs, the grand master suite features blackout blinds, a spa-like bath with dual vanities, and a custom walk-in closet with a Hollywood-style vanity. An office/den/bonus room with custom storage and three additional bedrooms with newer ceiling fans complete the home. Additional highlights include new carpet, accent stair lighting, epoxy garage floors, fresh interior and exterior paint, upgraded showers, dual-zone A/C, and leased solar panels for energy efficiency. Located in one of South Orange County's most prestigious guard-gated communities, this home offers privacy, natural beauty, and an unparalleled lifestyle.
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| Aug 14, 2020 | Sold | ||
| Sold | |||
| Mar 7, 2020 | Listed by Bullock Russell RE Services | $1,175,000 | |
| Listed by Bullock Russell RE Services | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017