4240 34TH STREET
About This Property
Upon entry, you are welcomed into a large dining room featuring a sleek, moody dry bar-perfect for intimate dinners or elegant entertaining. The space flows seamlessly into a spacious living room with multiple seating areas and a cozy fireplace, creating an inviting yet refined atmosphere. The living room opens to the beautifully appointed kitchen, complete with white cabinetry, granite countertops, stainless steel appliances, and a separate pantry. Bathed in natural light, the open-concept layout is both functional and stylish.
The upper level offers four well-appointed bedrooms, including a spacious primary suite with a luxurious en-suite bathroom. Each bedroom is filled with natural light, offers generous storage, and provides flexibility for a home office or guest retreat. A dedicated laundry room with side-by-side washer and dryer adds everyday convenience.
Throughout the home, new flooring, baseboards, trim, and doors enhance the clean, contemporary aesthetic. The main-level powder room has been fully reimagined, while the two upstairs full bathrooms have been tastefully updated with refined finishes.
Outdoor living is equally impressive. Situated on an oversized lot, the property offers a rare sense of privacy and versatility. The front porch has been elevated with durable Trex decking and elegant new posts, complemented by a slate-accented retaining wall and front walkway that deliver striking curb appeal. The backyard is a private sanctuary, featuring a pergola, an expanded and updated deck, and a hot tub-ideal for entertaining or unwinding in total comfort.
Beyond the home itself, Mount Rainier is celebrated for its artistic energy, walkable streets, and close-knit community feel. With local shops, dining, parks, and convenient commuter access just moments away, this location offers the perfect balance of lifestyle, luxury, and accessibility.
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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 |
|---|---|---|---|
| Apr 21, 2026 | Sold | ||
| Sold | |||
| Mar 23, 2026 | In contract | - | |
| In contract | |||
| Mar 21, 2026 | Price Decreased |
$725,000
↓ $25K
(3.3%) | |
| Price Decreased | |||
| Feb 23, 2026 | Price Decreased |
$750,000
↓ $25K
(3.2%) | |
| Price Decreased | |||
| Jan 9, 2026 | Listed by Compass | $775,000 | |
| Listed by Compass | |||
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About Mount Rainier
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017