40 Ridge Road
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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 25, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Mar 19, 2025 | Listed by Douglas Elliman Real Estate | $849,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Amazing Backyard Views overlooking Natural Preserve, Nicely Updated Colonial with 4 Bedrooms, 2.5 Baths, 2 Car Garage, Propane Cooking, IGS- 5 zone with Drip lines, 200 Amp Electric, Paver Patio, 2 Zone Heat and 1 Zone Central Air, Convenient 1st Floor Bedroom, Pantry, Laundry on 1st Floor, Master Bedroom with Master Bath and Large Closet, 2 Additional Bedrooms on Second Floor plus Smithtown West Schools !
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| Jul 30, 2021 | Sold | ||
| Sold | |||
| May 28, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017