39
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40 Smith Street
About This Property
Inside, the home whispers of its storied past through beautifully preserved original details and handcrafted built-ins that exude warmth and character. At its heart lies a breathtaking chef's eat-in kitchen-a masterfully designed "smart" addition that serves as the soul of the home. Bathed in light, this culinary sanctuary flows seamlessly into a lush, private backyard, creating an idyllic indoor-outdoor sanctuary for quiet morning coffees or alfresco summer evenings.
The journey continues upstairs to four serene bedrooms, plus an office, offering a peaceful retreat for every member of the household. Beyond the main residence, the detached two-car garage provides an unexpected bonus: an expansive second-level storage space with endless potential. Charming in every detail and situated in one of the village's most coveted locations, this is more than just a house; it is the remarkable home you've been waiting for. Welcome home.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017