10
Map
40 Elm Walk
About This Property
A pathway brings you to a pretty entry vestibule. Sliders open to a partially covered courtyard which provides a wonderful place for the outdoor dining table. This breezeway between the 2 sections of the house perfectly divides the sleeping and living areas.
Abundant windows, skylights and sliding doors bring sunlight into every room. High ceilings, white finishes and beautiful hardwood floors give this house a serene and airy feel. Cross breezes, ceiling fans and AC keep you cool when you need it.
There are 2 bedrooms in the main house. The primary bedroom has a private full bath. There is another full bath that has deck access and one other bedroom.
A white brick fire place splits the living area giving you a comfortable gathering room and a media lounging spot. A dining table is tucked close to the galley kitchen.
The separate guest house offers additional accommodations and includes its own private deck, a lofty main room, a half bath, and a cozy sleeping loft accessible by stairs. This charming space comfortably sleeps up to 4 guests.
This exceptional beach house was designed with outdoor living in mind. The deck and patio areas, which can be accessed from almost every room, provide the perfect outdoor spaces to relax and enjoy the surrounding beauty of the garden. A screened in patio structure gives you a protected lounge area with cushioned sofas.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 14, 2026 | Sold | ||
| Sold | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| May 18, 2026 | Listed by Kitty King | $1,500,000 | |
| Listed by Kitty King | |||
| Oct 1, 2025 | No longer available | - | |
| No longer available | |||
| Sep 26, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017