40 Viele Ave
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 |
|---|---|---|---|
| Oct 14, 2024 | Sold | ||
| Sold | |||
| Sep 10, 2024 | In contract | - | |
| In contract | |||
| Sep 4, 2024 | Listed by Thrive Real Estate Specialists | $349,900 | |
| Listed by Thrive Real Estate Specialists | |||
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Grab your toolbelt and channel your inner HGTV star! Nestled on a private lot in the sought-after Burncoat neighborhood, this home has great bones—and we do mean "bones." Perfect for anyone who loves a good project, this as-is beauty offers all the retro vibes you could ask for. On the main level, you'll find 3 bedrooms, an eat-in kitchen with plenty of potential, and a living room that's just begging to be brought into the 21st century. Oh, and did we mention the massive front-to-back sunroom? Whether you're looking to sip your morning coffee in a sun-drenched paradise or create the ultimate plant nursery, this space has you covered. Head downstairs to the finished basement, where the possibilities are as endless as the DIY tutorials on YouTube. Cozy up by the fireplace in the family room, create your dream office or an extra bedroom in the bonus room, and never worry about laundry day again with the convenient half bath/laundry room. Roll up your sleeves and make this home shine!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017