40 Old Summit Street
About This Property
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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 |
|---|---|---|---|
| Oct 30, 2025 | Sold | ||
| Sold | |||
| Oct 2, 2025 | In contract | - | |
| In contract | |||
| Sep 3, 2025 | Price Decreased |
$899,900
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Jul 8, 2025 | Price Decreased |
$910,000
↓ $20K
(2.1%) | |
| Price Decreased | |||
| Jun 5, 2025 | Listed by OwnerEntry.com | $929,900 | |
| Listed by OwnerEntry.com | |||
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New Construction 36x28 Colonial w/2x9 Double A Bump Out Two Car Garage , 4 Bedrooms, 2.5 Baths, 6-0 Slider Leading to Vinyl/Composite Deck, LP Gas Fireplace, Mudroom with Bench, Upgraded Quartz Countertops, Stainless Appliances, Master Bath Tile Shower, Double Sink Vanities in full baths, Hardwood throughout the entire home, Tile Flooring in Baths, First Floor Laundry, Full Steel Beam in Basement, Basement has roughed in full bath room for future, Walk up unfinished attic for future living space (aprox, 600sf), Beautiful level wooded lot with privacy, Large double wide paved driveway to street.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017