40 Reed St
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 |
|---|---|---|---|
| Apr 29, 2024 | Sold | ||
| Sold | |||
| Mar 19, 2024 | In contract | - | |
| In contract | |||
| Mar 14, 2024 | Listed by MA Properties | $1,450,000 | |
| Listed by MA Properties | |||
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Welcome home to this charming, classic Colonial perfectly situated in a popular neighborhood close to the Lexington Golf Club, only a short stroll to the Minuteman Bike Path, and within walking distance to the town center. Cozy up around the gas fireplace in the light filled formal living room, an inviting space with a great vibe perfect for hanging out or entertaining. A French door opens to the versatile sunroom with walls of windows to welcome the sunshine. The updated, open concept kitchen is a chef’s delight with granite counters, SS appliances, a center island, beverage fridge and white cabinetry, opening seamlessly to the large informal dining area and family room. Glass sliders connect to the deck or on the screened porch overlooking the private backyard. Double French doors open to a spacious room above the garage which offers lots of flexibility to fit your family’s needs, perfect as a recreation room and more. Commuters will love easy highway access and the nearby bus stops.
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| May 31, 1991 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017