37
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40 Parkview Drive
About This Property
Inside is 2,769 square feet of pristine, move in-condition living. A vestibule with a coat closet leads through a French door into the center hall. The living room has a beamed ceiling, a wood burning fireplace, hardwood floors, and an arched doorway. The spacious sunroom sits behind double French doors from the kitchen and provides access to the dine-in kitchen. There is a formal dining room and an original butler's pantry with the built-in cabinetry and a dining nook. The dine-in kitchen was fully renovated with custom cabinetry, a granite topped island big enough to gather around, and stainless steel appliances. Upstairs, the primary bedroom has two closets and a renovated bathroom. Two additional spacious bedrooms share an updated bath, and a fabulous deck completes the second level. There is a recreation room with a Prohibition era bar, plus a laundry room, a utility room, and direct access to the two car garage in the basement level. Metro North sits minutes away, offering an effortless commute into Grand Central, and Pelham's village life is just as close. Chester Heights also adds a handful of excellent dining options. Residents also enjoy membership privileges at Lake Isle Country Club, with golf, swimming, and tennis available throughout the year. A home this polished, in a school district this sought after, rarely comes to market.
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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 |
|---|---|---|---|
| Jul 28, 2026 | In contract | - | |
| In contract | |||
| Jul 20, 2026 | Listed by Compass Greater NY, LLC | $999,999 | |
| Listed by Compass Greater NY, LLC | |||
| Jul 8, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017