546 40TH Street #M
About This Property
This coop is a cozy 16 units building built in 1912 designed by architects Eisenla and Carlson and beautifully named FLORENCE. Converted in 1920 to one of the first Finnish coops in Sunset Park. Rich original detail throughout and common courtyard. Private storage bin, bike room and laundry room are in the basement. Financially sound, pet friendly, self-managed building is located one block away from Sunset Park with great New York harbor, Manhattan skyline and sunset views. Park features Olympic size swimming pool, well equipped gym, recreational center, artificial grass soccer field and sprinkler park. The entrance to the beautiful waterfront park at the Bush Terminal at 43rd Street and 1st Avenue is minutes away, as well as Industry City where you can enjoy great shopping in local boutique stores, entertainment spaces with featured art events and best artisan and ethnic cuisine that Brooklyn may offer. Easy 20 minutes commute to Manhattan and convenient access to D, N and R train only 5 minutes away. Very close to 5th Ave shopping district and half a block from coffee shop. Only 10% down required.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 28, 2020 | No longer available | - | |
| No longer available | |||
| Aug 27, 2020 | Sold | ||
| Sold | |||
| Jun 7, 2020 | In contract | - | |
| In contract | |||
| Feb 15, 2020 | Price Increased |
$599,000
↑ $20K
(3.5%) | |
| Price Increased | |||
| Feb 14, 2020 | Relisted | $579,000 | |
| Relisted | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/12/2025
|
2 Bed
|
1 Bath
|
-
|
$605,000
2 Bed
1 Bath
|
$605,000
03/17/2026
|
Lindsay Hymson
Compass
| |
|
01/03/2024
|
2 Bed
|
1 Bath
|
-
|
$546,000
2 Bed
1 Bath
|
$546,000
07/25/2024
|
Lindsay Hymson
Compass
| |
|
08/30/2022
|
2 Bed
|
1 Bath
|
-
|
$639,000
2 Bed
1 Bath
|
-
-
|
Roy Lebel
Galaxy Realty Group Inc
| |
|
01/14/2022
|
2 Bed
|
1 Bath
|
-
|
$615,000
2 Bed
1 Bath
|
$600,000
-2.44%
10/21/2022
|
Alexandra Carter
Corcoran Group
| |
|
05/25/2021
|
2 Bed
|
1 Bath
|
-
|
$655,000
2 Bed
1 Bath
|
$655,000
03/21/2022
|
Timothy P Stanard
Corcoran Group
| |
|
01/22/2020
|
2 Bed
|
1 Bath
|
-
|
$599,000
2 Bed
1 Bath
|
$591,000
-1.34%
05/28/2020
|
John Wescott
Corcoran Group
| |
|
06/04/2019
|
2 Bed
|
1 Bath
|
725 ft²
|
$599,000
2 Bed
1 Bath
725 ft²
|
$565,000
-5.68%
08/27/2020
|
Piotr Bracichowicz
Corcoran Group
| |
|
02/28/2019
|
2 Bed
|
1 Bath
|
800 ft²
|
$599,000
2 Bed
1 Bath
800 ft²
|
$618,000
+3.17%
08/21/2019
|
Timothy Stanard
Corcoran Group
| |
|
10/11/2018
|
2 Bed
|
1 Bath
|
700 ft²
|
$589,000
2 Bed
1 Bath
700 ft²
|
$579,000
-1.70%
04/29/2019
|
Timothy Stanard
Corcoran Group
| |
|
01/25/2018
|
2 Bed
|
1 Bath
|
-
|
$529,000
2 Bed
1 Bath
|
$529,000
04/25/2018
|
Timothy Stanard
Corcoran Group
| |
|
05/22/2015
|
2 Bed
|
1 Bath
|
850 ft²
|
$511,500
2 Bed
1 Bath
850 ft²
|
$511,500
03/11/2016
|
Christian Haag
Town Residential
| |
|
10/20/2014
|
2 Bed
|
1 Bath
|
773 ft²
|
$375,000
2 Bed
1 Bath
773 ft²
|
$375,000
03/19/2015
|
Christian Haag
TOWN Residential, LLC.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017