40 Morse Street
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 22, 2025 | Sold | ||
| Sold | |||
| Dec 18, 2024 | In contract | - | |
| In contract | |||
| Dec 10, 2024 | Listed by RE/MAX Real Estate Center | $579,900 | |
| Listed by RE/MAX Real Estate Center | |||
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Wonderful 3/4 bedroom spilt entry home in the BURRELL SCHOOL district! This one owner home has never been on the market! Don't miss out on this one! Home will be tied into town sewer before closing. Beautiful kitchen with updated cabinets, recessed lights, stainless steel upgraded appliances. Large deck overlooking huge level backyard. 3 bedrooms on main floor, open concept living room/dining room. Family room with woodstove in lower level, extra room in lower level that could be a home office or a guest room. Full bath in lower level. Lots of storage in lower level. Whole house generator powered by natural gas is a great bonus!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017