41 Downey
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 |
|---|---|---|---|
| Sep 20, 2026 | No longer available | - | |
| No longer available | |||
| Sep 3, 2026 | Listed by Keller Williams Town Life | $1,998,000 | |
| Listed by Keller Williams Town Life | |||
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41 Downey Drive offers exceptional space, comfort, and versatility on a beautiful, quiet street in one of Tenafly’s most desirable neighborhoods. Thoughtfully designed for both everyday living and entertaining, the home features a modern kitchen, bright and inviting living spaces, a spacious family room, and an elegant dining room; perfect for holiday gatherings and special occasions. For those who work from home, a private first-floor office provides a comfortable and convenient workspace. The second level offers four generously sized bedrooms, including a luxurious primary suite with two spacious walk-in closets. The finished lower level provides outstanding flexibility, featuring an additional office or bonus room, a full bathroom, and a large recreation and lounge area—ideal for guests, work, exercise, or relaxation. Outside, mature landscaping and beautiful outdoor living spaces create a private, park-like setting, perfect for entertaining, relaxing, and enjoying time with family and friends. Ideally located in the heart of Tenafly, this home is just a short walk to top-rated schools, houses of worship, parks, and public transportation to New York City. Combining timeless appeal, generous living space, and an exceptional location, 41 Downey Drive offers a truly outstanding Tenafly lifestyle.
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| Jul 15, 2026 | Listed by Keller Williams Town Life | $2,180,000 | |
| Listed by Keller Williams Town Life | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017