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About This Property
The large master suite, located on the first floor, includes a master bath with soaker tub, large walk in shower, 2 vanities and 2 master closets. The other 4 bedrooms all have direct access to a bathroom (including a recently installed accessible shower) The 3 additional rooms provide additional space to accommodate individual needs such as office space, playroom, gym etc. The additional large loft area with wet bar, has been a game room with pool table and a music performance space.
The house is well maintained with the fencing (2021) deck (2022) roof (2023) and siding (2024) replaced within the last 3 years. The pool is updated, replastered, new pump and filter (2021) and a phone operated control system (2024). The many trees have been regularly treated and trimmed by arborists (last visit May 2024). The garage has a new single door (2019) from when it was converted from two doors to one. Please note: this unfortunately caused cracking in the limestone facing but this is not structural and has not changed in the past 5 years. All outside doors have phone operated smart locks.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 27, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Price Decreased |
$1,399,000
↓ $100K
(6.7%) | |
| Price Decreased | |||
| Jun 22, 2024 | Price Decreased |
$1,499,000
↓ $99K
(6.2%) | |
| Price Decreased | |||
| May 24, 2024 | Listed by Bramlett Residential | $1,598,000 | |
| Listed by Bramlett Residential | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017