40 N Interstate 35 #PB1
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 4, 2025 | Withdrawn | - | |
| Withdrawn | |||
| May 6, 2025 | Price Decreased |
$999,000
↓ $100K
(9.1%) | |
| Price Decreased | |||
| Jan 8, 2025 | Listed by Deal Smith Realty LLC | $1,099,000 | |
| Listed by Deal Smith Realty LLC | |||
| |||
|
Rare opportunity to own a top floor penthouse at one of the city's most desirable complexes! Seller Financing Available! This unit was built for the designer of the entire complex to his specifications and has only sold one time since. With a huge living area open to the dining area and kitchen, the open concept of this unit is incredibly hard to find among Downtown condos. The living area has a balcony overlooking the city with views of Rainey St and Town Lake. Walk to town lake and Rainey street in minutes from this incredibly convenient location. Both bedrooms in this unit have large full baths attached to them and the Foyer in between them has a tastefully decorated half bath and double doors to each of the suites. In the primary suite you will find another balcony with a clear and peaceful view of Town Lake. There is also a bathtub in the room with a large window to appreciate the natural light that the top floor provides. Large walk in closets, counters and bathrooms in this unit create an incredible ambience of spaciousness. The Towers of Town Lake has been one of the city's premier complexes for a long time, with its gated 24-hour access, easy access from I-35 and close proximity to Rainey St. District and Town Lake. The community features a well equipped fitness center, racquetball court, indoor pool, outdoor pool, concierge service, business center, and much more. All of the high grade furniture can convey with a full priced offer, making your move as easy as possible. There are not many opportunities to secure a top floor penthouse, do not miss out on yours!
| |||
| Nov 13, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Oct 11, 2024 | Price Decreased |
$1,199,000
↓ $51K
(4.1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/19/2025
|
2 Bed
|
2 Bath
|
1533 ft²
|
$539,900
2 Bed
2 Bath
1533 ft²
|
-
-
|
Lee McClintick
Joseph Walter Realty, LLC
| |
|
07/03/2025
|
2 Bed
|
2 Bath
|
1533 ft²
|
$550,000
2 Bed
2 Bath
1533 ft²
|
-
-
|
Julie Hutchison
eXp Realty, LLC
| |
|
05/01/2025
|
4 Bed
|
3 Bath
|
2651 ft²
|
$975,000
4 Bed
3 Bath
2651 ft²
|
$925,000
-5.13%
05/01/2025
|
Ferree Rhodes
Compass RE Texas, LLC
| |
|
01/08/2025
|
2 Bed
|
2 Bath
|
2651 ft²
|
$1,099,000
2 Bed
2 Bath
2651 ft²
|
-
-
|
Derek Smith
Teifke Real Estate
| |
|
12/12/2024
|
2 Bed
|
2 Bath
|
1360 ft²
|
$575,000
2 Bed
2 Bath
1360 ft²
|
$575,000
12/12/2024
|
Kimberly Treadaway
Keller Williams Realty
| |
|
10/18/2024
|
2 Bed
|
2 Bath
|
1533 ft²
|
$589,000
2 Bed
2 Bath
1533 ft²
|
$589,000
10/18/2024
|
Gregg Klar
Keller Williams - Lake Travis
| |
|
05/23/2024
|
4 Bed
|
3 Bath
|
2651 ft²
|
$1,400,000
4 Bed
3 Bath
2651 ft²
|
-
-
|
Ferree Rhodes
Compass RE Texas, LLC
| |
|
03/05/2024
|
2 Bed
|
3 Bath
|
2651 ft²
|
$1,300,000
2 Bed
3 Bath
2651 ft²
|
-
-
|
Derek Smith
Teifke Real Estate
| |
|
01/26/2024
|
2 Bed
|
2 Bath
|
1533 ft²
|
$446,900
2 Bed
2 Bath
1533 ft²
|
-
-
|
Nouzha Swimelar
NS Properties, LLC
| |
|
10/06/2023
|
2 Bed
|
2 Bath
|
1533 ft²
|
$615,000
2 Bed
2 Bath
1533 ft²
|
-
-
|
Doug Harrison
Urbanspace
| |
|
08/05/2023
|
2 Bed
|
2 Bath
|
1459 ft²
|
$549,900
2 Bed
2 Bath
1459 ft²
|
-
-
|
Jeff Kress
Pure Realty
| |
|
11/02/2020
|
2 Bed
|
2 Bath
|
1743 ft²
|
$520,000
2 Bed
2 Bath
1743 ft²
|
-
-
|
Holly Mace Massingill
Keller Williams - Austin SW
| |
|
05/05/2020
|
2 Bed
|
2 Bath
|
1533 ft²
|
$565,000
2 Bed
2 Bath
1533 ft²
|
-
-
|
Monty Maulding
Keller Williams - Austin SW
| |
|
04/16/2019
|
2 Bed
|
2 Bath
|
1533 ft²
|
$535,000
2 Bed
2 Bath
1533 ft²
|
-
-
|
Monty Maulding
Keller Williams - Austin SW
| |
|
10/15/2018
|
2 Bed
|
2 Bath
|
1533 ft²
|
$579,000
2 Bed
2 Bath
1533 ft²
|
-
-
|
Monty Maulding
Keller Williams - Austin SW
| |
|
10/11/2018
|
2 Bed
|
2 Bath
|
1234 ft²
|
$475,000
2 Bed
2 Bath
1234 ft²
|
-
-
|
Michael Harrell
Rhapsody Realty Services, LLC
| |
|
09/21/2018
|
2 Bed
|
2 Bath
|
1288 ft²
|
-
2 Bed
2 Bath
1288 ft²
|
-
-
|
Lisa Little
Keller Williams - Austin SW
|
Building Info
- 3 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017