1015 CHERYLS COURT
About This Property
A bright and inviting sunroom (or bedroom 4) extends the living space and opens to the deck, making it ideal for overlooking the back yard. This versatile room can also serve as a home office, playroom, or potential fourth bedroom. The two-story addition also provides a lower-level storage room/workshop with convenient exterior access.
The spacious primary suite features a private en-suite bathroom with a walk-in shower, while Bedrooms 2 and 3 share a beautifully updated hall bath.
The finished walk-out lower level offers even more living space, including a second family room with English windows that fill the area with natural light. Double glass doors open to a stamped concrete patio that spans the entire length of the home and overlooks mature trees, creating a peaceful outdoor retreat. A third full bathroom with a tub/shower combination adds convenience, while the fully fenced backyard offers plenty of space for gardening, play, and outdoor entertaining.
Additional updates include a new heating system (2024), air conditioning system (2024), and newer washer and dryer. This move-in-ready home perfectly combines modern updates, flexible living spaces, and a private, tree-lined setting. Conveniently located just one block from the Golden Mile's shopping and dining, with easy access to major commuter routes.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017