40 Shedd 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 |
|---|---|---|---|
| May 26, 2026 | Sold | ||
| Sold | |||
| Mar 4, 2026 | In contract | - | |
| In contract | |||
| Feb 20, 2026 | Listed by REMAX Connections - Greenfield | $385,000 | |
| Listed by REMAX Connections - Greenfield | |||
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Well-maintained 3-bedroom, 1 full bath home with a finished basement and impressive updates throughout. The renovated bathroom features a walk-in glass shower and floating vanity. The kitchen includes a newly added pantry and upgraded stainless steel appliances. New windows and doors were installed in 2020, and 50-year shingles were added in 2018. Owned solar panels (not leased) were installed in 2019 and generate income.The living room features hardwood floors, while the bedrooms and hallway offer vinyl wood-grain flooring. All bedroom and bathroom closets are cedar-lined. The finished basement includes a recreational room with an electric wall heater and thermostat for year-round comfort.Outdoor amenities include a fire pit with patio, an 18x33 freshwater pool with a wraparound multi-tier deck, an 8x10 greenhouse, and perennial flower beds. The property also features three apple trees, one peach tree, two pear trees, blueberry bushes, and a strawberry bed.
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| Oct 2, 2015 | Sold | ||
| Sold | |||
| Jul 1, 2015 | Listed by Cohn & Company | $195,000 | |
| Listed by Cohn & Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017