5579 NW 40TH PLACE
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 |
|---|---|---|---|
| Aug 16, 2026 | Price Decreased |
$264,500
↓ $36K
(11.8%) | |
| Price Decreased | |||
| Feb 20, 2026 | Listed by RE/MAX SIGNATURE | $300,000 | |
| Listed by RE/MAX SIGNATURE | |||
| Apr 28, 2025 | Sold | ||
| Sold | |||
| Mar 28, 2025 | In contract | - | |
| In contract | |||
| Jan 18, 2025 | Listed by RE/MAX SIGNATURE | $315,000 | |
| Listed by RE/MAX SIGNATURE | |||
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Welcome home to this immaculate and lovingly maintained 2-bedroom, 2-bath retreat boasting 1,454 square feet of thoughtfully designed living space. From the moment you step inside, you’ll feel the warm embrace of comfort and style.? An additional den adds versatility, perfect for a home office, craft room, or cozy reading nook. The glass-inset front door, adorned with a remote custom blind, opens to reveal updated tile flooring and freshly painted walls that radiate modern elegance.? The open-concept layout is ideal for hosting, allowing the chef in the family to stay connected with guests while preparing meals. The dining area offers tranquil views of the backyard, enhanced by a sliding glass door with a remote custom blind for added privacy and convenience.? The master suite is a true sanctuary, featuring its own sliding glass door that leads to a private, screened-in lanai. Imagine savoring your morning coffee or soaking in the beauty of the sunrise in this serene space. At night, the remote custom blind ensures restful sleep with just the touch of a button.? The split floor plan provides guests with their own haven at the front of the home, where the second bedroom and bath offer privacy and comfort.? Nestled in the coveted Ocala Preserve, this home is your gateway to an active and vibrant lifestyle. Enjoy world-class amenities, including a state-of-the-art gym, two pools, a Jacuzzi, pickleball and tennis courts, a Bocce ball court, horseshoes, and a championship golf course. Embrace the outdoors with miles of scenic walking paths or join one of the many member-led groups such as book clubs, creative arts, the glee club, card games, or the Veteran’s club.? Every day at Ocala Preserve is an opportunity to make memories that last a lifetime. Don’t wait—schedule your private tour today and start living your best life in this exceptional home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017