1009 FLAGTREE LANE
About This Property
Just beyond, the family room offers new plush carpeting, a cathedral ceiling, and a custom wood accordion door that allows the space to function as one expansive room or be divided into two separate areas such as a home office, den, or bonus room, adding exceptional flexibility to the layout. The on-trend renovated eat-in kitchen features new stainless steel appliances except for the refrigerator, a stunning custom granite countertop that blends beautifully with the cabinetry, and a custom herringbone backsplash that adds visual interest. A generous pantry provides abundant storage for kitchen essentials and more. The kitchen also has its own private entrance, making grocery unloading simple, while the adjacent deck creates an easy transition for outdoor dining and entertaining.
The main level sleeping quarters include the primary bedroom along with two additional bedrooms, all featuring refinished hardwood flooring, vaulted ceilings, custom-fit blinds, and access to a beautifully renovated full bath with a spa-like feel.
The finished lower level continues the living space with a newly carpeted recreation room and another private entrance that opens to a patio overlooking mature trees, offering both convenience and privacy. The updated bathroom showcases classic black and white tile flooring, ceramic tile walls, and an original ceramic tile feature wall that adds timeless character. Nearby, the spacious utility room includes laundry facilities and extensive storage. Recent updates include a new hot water heater, and recently updated windows. Plumbing and electrical permits in place. With three separate entrances, flexible living areas, and distinctive architectural style, plus proximity to I-695, I-795 and under 2 miles to the Old Court Metro station, this move-in ready home delivers a true wow factor unlike any other.
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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.
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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