25
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1 Tarn Road
About This Property
The private primary suite includes a balcony with lovely views, new flooring, a brand-new bathroom, cathedral ceilings with skylights, and a walk-in closet. Hardwood floors run throughout the main level, providing warm and inviting living spaces filled with natural light.
The outdoor area is perfect for entertaining, featuring a new brick patio and an in-ground pool with a new saltwater system, new liner, and updated electric. The full basement includes utilities and a new electric panel, with an additional new sub-panel in the garage.
Move right in and enjoy all the splendor this beautiful North Shore beach community has to offer. Oil burner is 9 years old, skylights 7 years, and the flat portion of the roof was replaced 4 years ago. Private beach access with annual membership.
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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