1 Cedar Road
About This Property
The kitchen, updated approximately 15 years ago, boasts stainless steel appliances, granite countertops, and timeless wood cabinetry. A full bathroom and a large family room with a wood-burning fireplace complete the first floor. Just off the family room is a cozy alcove-ideal for a home office or study nook.
Upstairs, the primary suite includes a walk-in closet and a private full bath. Two additional bedrooms and another full bathroom complete the second floor.
The expansive, partially finished basement offers a large recreation area, a utility and laundry room with ample storage, a full bathroom, and an additional room with direct access to the yard.
Additional highlights include a spacious side yard with great potential, hardwood and tile flooring throughout the first floor, and a location that combines privacy with convenience to the Village shopping district.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017