40 Highland Avenue
About This Property
From the moment you arrive, the home's curb appeal and manicured grounds invite you in. Step inside to find a classic layout where hardwood floors lie beneath the carpet, waiting to be uncovered. Sliders off the dining area lead to a generous deck overlooking the in-ground pool and partially fenced backyard-an ideal space for summer gatherings, peaceful mornings, or evening sunsets framed by treetop views.
Downstairs, the lower level offers incredible flexibility with its own private entrance, large family room, bonus room, and a full bath-perfect for multigenerational living, a guest suite, or a dedicated work-from-home space. The oversized one-car garage with an additional storage bay and workshop area ensures there's a place for everything.
With central air, natural gas, municipal water/sewer, and an unbeatable location just minutes from charming village shops, restaurants, parks, and schools, this home provides not just comfort, but convenience and confidence in ownership.
A truly special opportunity to make this cherished home your own. Don't let it slip away-schedule your private tour today and take the next step toward your future in Warwick Village. **IG POOL PHOTO'S Coming**
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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 25, 2025 | Sold | ||
| Sold | |||
| Jul 12, 2025 | In contract | - | |
| In contract | |||
| Jun 7, 2025 | Listed by RE/MAX Town & Country | $539,000 | |
| Listed by RE/MAX Town & Country | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017