10221 OLDFIELD DR
About This Property
This modern craftsman home is being built by a boutique builder with over 35 years of building experience. This home features 5,204 finished square feet and is situated on an 7,040 square foot lot. The exterior of the home has an aesthetically pleasing design, finished with high end materials such as James Hardie cement siding and black trimmed Pella windows. Homeowners will be able to relax on the front porch or enjoy the patio in the backyard. Ask about the option to add a screened porch! Large windows throughout the home allow for ample natural light. The first floor features an office/bedroom with a full bath, a dining room, living room/office, and family room warmed by a gas fireplace. The bedroom on the first floor features a luxurious master bath with a curb less shower and free standing tub. The open kitchen and family room allow for entertaining and dining. The kitchen is designed with imported high end German cabinets from Leicht, high-end appliances, and a modern, luxurious feel. A walk-in pantry with direct access to the kitchen help to keep the home organized and clean. The second floor has 4 bedrooms and 3 bathrooms. A luxurious owners' bathroom with large shower and stand alone tub, large bedroom, and dual closets make up owners' suite. All bedrooms feature large closets and direct access to bathrooms. In the basement, the owners' will have a flexible floor plan that will include one legal bedroom, one bathroom, an exercise room, and still allowing for a large recreational room with a wet bar. There is a mud room when entering from the garage and a direct entrance to the driveway. An optional elevator is ready to be installed and will give access to all three floors. There is still time to select all the finishes. Agent related to seller.
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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.
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About South Kensington
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$5,500 /mo
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$6,104 /mo
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- 2 Baths
- 1,690 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017