40 Grace Rd.
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 |
|---|---|---|---|
| Aug 30, 2012 | Sold | ||
| Sold | |||
| Apr 4, 2012 | Listed by Supreme Property Solutions | $1,175,000 | |
| Listed by Supreme Property Solutions | |||
| May 6, 2010 | Listed by Vincent Lee Realty | $979,000 | |
| Listed by Vincent Lee Realty | |||
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This wonderful house was originally built in 1966 by the original owner and architect/developer of the beautiful residential neighborhood of Grace Road. Designed with a Colonial Revival Exterior w/a Porte Cochere and a circular driveway, it offers a spacious welcoming contemporary layout w/cathedral ceilings. It is a sun filled house facing South East. The house consists of original fixtures and equipment. There is incredible potential to be captured with minor updating to the house.
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| Mar 23, 1990 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017