40 Grace Drive
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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 |
|---|---|---|---|
| Feb 6, 2023 | Sold | ||
| Sold | |||
| Nov 11, 2022 | Listed by Coldwell Banker Realty | $675,000 | |
| Listed by Coldwell Banker Realty | |||
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Wow! Just Wow! Highly sought after Sayrewoods South & one of the largest custom models in the community! Owners are heartbroken to have to leave this home featuring, Main floor that offers beautiful updated kitchen with a 9 foot island, granite counters, ceramic/glass backsplash and SS appliances. Beautiful open concept LR/DR with space for your entertainment needs. Amazing 25x11 family room with stone front/mantle gas fireplace & hardwood flooring w/ sliders leading to screened in room leading to beautiful backyard w/pool. Master Bedroom boasts vaulted 14 ft ceilings with 2 skylights, hardwood flooring, arched windows and a California style WIC. Finished basement with plenty of storage. This home is a must see!
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| May 13, 2022 | Sold | ||
| Sold | |||
| Feb 20, 2022 | Listed by KELLER WILLIAMS WEST MONMOUTH | $659,000 | |
| Listed by KELLER WILLIAMS WEST MONMOUTH | |||
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Pride of ownership is evident in this custom, expanded 5 bedroom, 3 bathroom colonial home located in the highly desirable neighborhood of Sayrewoods South in Old Bridge. The newly planted landscaping, custom door, PVC fence and over sized driveway will capture your eye. Entering this home you will find it to be an entertainer's dream home. You will step into a chef's delight with over-sized center island, 42 cabinets, upgraded stainless steel appliances, double wall oven and farmhouse sink. Open to a sunken living room with custom mill work and a large fireplace that leads to a screened in Florida room overlooking a private oasis with new cement and pavers and an expansive 30 x 15 above ground pool with a deck. On the opposite side of the kitchen you'll find a large dining room that will accommodate all of your holiday guests. Heading upstairs on the new carpeted runner on the staircase to your 5 bedrooms. Each bedroom is vast in size with an abundance of sunlight and ample closet space. The magical gem is your master en suite... complete with vaulted ceilings in both the bedroom and bathroom, multiple closets, lots of sunlight and a jacuzzi hot tub in the master bathroom. Head on to the basement to your newly finished and carpeted room complete with ample storage space and a separate laundry area. Basement was just completed in 2021 along with the addition of a new French drain and sump pump. Please see attached enhancement sheets for a list of upgrades. Conveniently located close to all NYC transportation, schools and shopping. You do not want to miss out on this spectacular home!
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| Feb 8, 2019 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017