102 Summit Avenue
About This Property
Step inside to find two generous living rooms flanking the front entrance, with the right-hand room featuring a cozy wood-burning fireplace - the perfect place to unwind. At the rear of the home, discover a large formal dining room, an inviting kitchen, and a convenient walkthrough pantry area that ties the space together seamlessly. A half bath and mudroom are located just off the back of the kitchen, providing easy access to the backyard.
Up the wide staircase, natural light pours in through two oversized windows at the landing, illuminating the extra-wide upstairs hallway. The second floor offers four well-sized bedrooms and a full bathroom, providing ample space for family or guests. Need even more room? The walk-up unfinished attic boasts tons of additional space and even includes ladder access to the rooftop - where you can take in views of the surrounding neighborhood.
The basement includes a full bathroom, laundry area, and a versatile bonus space that has been used as a trendy hangout spot. Recent updates include a brand-new furnace and a new rear roof!
Just down the street from the beautiful Onondaga Park, this home offers the perfect balance of urban living and access to outdoor activities and nature. Whether entertaining, relaxing, or enjoying the location, 102 Summit Ave delivers comfort, space, and classic Strathmore charm.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017