40 Lanes 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 |
|---|---|---|---|
| Jan 18, 2023 | Sold | ||
| Sold | |||
| Oct 6, 2021 | Listed by Keller Williams Realty North Central | $960,000 | |
| Listed by Keller Williams Realty North Central | |||
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This fully custom home, designed in collaboration with and built by The Normandin Group, presents more than 5,000 square feet of living space on 3 levels. Every detail was considered by the discerning buyers in the creation of their dream home, with a focus on bringing nature inside, and an earthy color scheme. Wide open main area with 16’ Living Room ceilings, full height fireplace wall, and oversized Kitchen island. Triple sliders to covered porch, outdoor shower and Screen Room–also accessed from the first floor Master Suite. Loft overlooks the Living Room and entry, with windows positioned for best views. Two-story Gym with Gamia Metal spiral stairs to dedicated Ballet Studio. Finished Basement has Media Room, Office and Full Bath. Stonework and metal roof accents round out features important to the buyers, with selections made during the design process, allowing the home to be built on a carefully scheduled timeline, with both a high level of customization and efficiency.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017