4115 40TH PLACE N
About This Property
This stately Center Hall Brick Colonial offers over 7000 square feet of impeccably maintained living space.
Built by one of Virginia's premier Builders in 1995, the home showcases timeless craftsmanship with a Slate Roof, Cooper Gutters, a Circular Drive, Extensive Hardscape and manicured Landscaping. A dramatic 21 foot Ceiling adorns a large Marble Foyer with a grand Staircase making a Stunning First Impression.
This home has enjoyed significant upgrades and renovations in recent years to include a magnificent Chef's Kitchen with Viking and Sub-Zero appliances, an unrivaled and expansive Primary Suite, five of the six bathrooms have been renovated, an elegant yet efficient office with built-ins for two, and a momentous addition of a Salt-water Pool for wellness with a spa and a large pool deck.
Additional highlights include an oversized three car garage with optional capacity for five vehicles with lifts. The garage has electricity, lighting and water access. There is a whole house generator, three zones of HVAC, Smart House Technology and a Sonos System.
The entire home has been freshly painted in a neutral palette and floors have been sanded, stained and polished. Please take note of the elaborate yet tasteful lighting throughout the main level. Few homes have made such a large investment in extravagant lighting to add to the ambience of the space.
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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%.
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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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About Old Glebe
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Currently no similar homes aroundNearby Rentals
$9,800 /mo
- 5 Beds
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$6,750 /mo
- 3 Beds
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- 1,812 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017