65 40th Street
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2024 | Sold | ||
| Sold | |||
| Jun 28, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | In contract | - | |
| In contract | |||
| Jun 12, 2024 | Listed by The Agency Northshore NY | $659,999 | |
| Listed by The Agency Northshore NY | |||
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This meticulously updated hi-ranch sits on an expansive half-acre corner lot. Ascend to the top floor to find hardwood floors, three bedrooms, a full bath, and a spacious, naturally lit living room. The updated kitchen, with cabinets extending into the dining area, provides ample storage. Step out from the kitchen onto your second-story deck, complete with a gazebo, ideal for summer dinners. The lower level offers another generous living room, an additional bedroom, a bathroom, a garage entrance, and a door leading to the backyard. The front features a one-car garage, mature landscaping, and a "U"-shaped driveway for ample parking. The deep half-acre backyard boasts a fire-pit, a propane-powered whole house generator and plenty of room for a pool and more! Home is also equipped with solar panels to keep that electric bill low! Potential Mother-Daughter with proper permits.
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| Aug 30, 2016 | Sold | ||
| Sold | |||
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About Islip
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017