40 Saint Michaels Terrace
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 |
|---|---|---|---|
| Jan 21, 2026 | Sold | ||
| Sold | |||
| Dec 4, 2025 | In contract | - | |
| In contract | |||
| Nov 7, 2025 | Listed by Keller Williams Realty Partner | $480,000 | |
| Listed by Keller Williams Realty Partner | |||
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Welcome to this charming raised ranch nestled in a peaceful Carmel neighborhood. This home features hardwood floors throughout the main level and a beautifully renovated kitchen offering a clean, modern touch. The bright living and dining areas open to a screened-in terrace, ideal for relaxing or entertaining. Three comfortable bedrooms and one full bath complete the main floor. The lower level includes a family room and a half bath, with additional unfinished space offering potential for future customization. A one-car attached garage and paved driveway add convenience. Situated on nearly a half-acre lot, this property offers both comfort and opportunity in a desirable Putnam County location. Located close to local amenities, schools, and commuter routes, this home combines practical design with timeless appeal.
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| Jan 5, 2023 | Sold | ||
| Sold | |||
| Nov 22, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017