39
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4009 Gillon Avenue
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 31, 2026 | No longer available | - | |
| No longer available | |||
| Oct 30, 2026 | In contract | - | |
| In contract | |||
| Oct 21, 2026 | In contract | - | |
| In contract | |||
| Aug 5, 2026 | Listed by Dave Perry Miller Real Estate | $9,995,000 | |
| Listed by Dave Perry Miller Real Estate | |||
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This Highland Park home is a rare gem on the highly sought-after estate block of Gillon Avenue. The very first property adjacent to Lakeside Drive and Exall Lake on Turtle Creek, 0.437 acres, it boasts 96 feet of frontage framed by mature trees and meticulous landscaping - an amazing building custom building site or expansion opportunity. Remodeled by JK Boone, this residence showcases exquisite flooring, custom millwork, and incredible art walls. A unique feature is the dual primary suite layout, one that offers a private terrace overlooking the serene rear grounds. High ceilings and generous room proportions create an inviting ambiance. Outside, a beautifully landscaped yard includes an outdoor living area with a fireplace in addition to the pool area with Pennsylvania stone hardscaping, a fountain, and a commercial pizza oven. Above the detached two-car garage is a 464 square-foot guest suite or quarters with elevator access. This property combines impeccable craftsmanship with a sterling location making it an incredible opportunity to utilize the existing home and improvements, or embark on a new chapter using the commanding street presence and exceptional location for your new build opportunity in the heart of Highland Park.
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| Jun 28, 2026 | Price Decreased |
$9,995,000
↓ $155K
(1.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017