40 Gristmill Road
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 8, 2025 | Sold | ||
| Sold | |||
| Jun 30, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Listed by Keller Williams Shore Properties | $834,999 | |
| Listed by Keller Williams Shore Properties | |||
| Jun 15, 2016 | Sold | ||
| Sold | |||
| Mar 11, 2016 | Listed by Coldwell Banker Realty | $539,900 | |
| Listed by Coldwell Banker Realty | |||
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The Quintessential “Perfect House” does exist! From the moment you pull up with a bed & breakfast style front porch, to the backyard and every step in between the pride of ownership is undeniable! This expansive “Manchester” is the second largest model in the development and sits on a premium lot with the most picturesque of settings. With a fabulous two-story entry, gorgeous hardwood floors, custom wall paintings & moldings all complimenting the tasteful décor that is evident throughout! The full finished walk out basement is a definite WOW with its; home office, game room, gym and beautiful full bath. To top it off the custom covered porch and step down deck overlooking “Bass Run Pond” nicely finish off this amazing home. You will definitely want to make it your own! Need to commute?... Just minutes off Rte. 9 and conveniently located to NYC Busses, Interstate 195, shopping & restaurants!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017