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40 Philip 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 |
|---|---|---|---|
| Jul 7, 2025 | Sold | ||
| Sold | |||
| May 13, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Listed | $2,079,000 | |
| Listed | |||
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Nestled on a picturesque 15,500 square foot lot in a sought-after neighborhood, this custom contemporary Cape blends timeless elegance with modern comfort. Surrounded by lush landscaping, this home features a luxurious, heated in-ground pool- an oasis for relaxation and entertaining. The eat-in chef’s kitchen offers quartz counters, a center island, high-end appliances, ample cabinetry, a fireplace, & is complemented by an oversized mudroom. The fireplaced living room is enhanced with cathedral ceilings & skylights, while the elegant dining room, with its own fireplace, sets the stage for memorable holidays. A spacious family room is perfect for both morning coffee & movie nights. With a 1st floor home office/bedroom plus 4 add'l bedrooms-including a private primary suite with dual walk-in closets & large private bath, this home offers both style and function. The walk-out LL includes a gym, rec space, laundry & ample storage. This meticulously maintained home is perfect for any buyer!
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| Dec 16, 2009 | Sold | ||
| Sold | |||
| Aug 4, 2009 | Listed | $1,079,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017