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1101 MIDVALE AVENUE
About This Property
The home itself doesn't disappoint either! Built in 1993 and extensively renovated in recent years, this 3-bedroom, 3.5-bath Colonial with Craftsman details checks all the boxes. An inviting front porch welcomes you into a bright and gracious main level with bamboo wood floors throughout. The spacious living room features a wood-burning fireplace clad in whitewashed brick and flanked by beautiful built-ins. Just beyond, the generous dining room includes two oversized windows overlooking the backyard.
The kitchen was completely gutted and remodeled just a few years ago and features white cabinetry, granite countertops, stainless steel appliances, and a large center island. A sliding glass door opens to an expansive composite deck overlooking the fully fenced backyard, with plenty of flat lawn for play, pets, and entertaining. A beautifully designed powder room, a one-car garage with additional storage, and an extended driveway with parking for three cars, complete the main level.
Upstairs are three bedrooms, including a spacious primary suite with dual custom-finished closets and a well-appointed en-suite bath. Two generously sized secondary bedrooms offer excellent natural light and ample closet space and share a hall bath.
The large, fully finished lower level features LVP flooring, excellent ceiling height, and a flexible open layout with plenty of room for a recreation area, play space, and guest accommodations. The current owners added a full bath, creating an ideal guest suite for visiting family and friends. A separate laundry room and additional storage are tucked conveniently away from the main living area.
The home has been meticulously maintained and nicely upgraded over the years. The HVAC system, roof, and exterior doors were replaced between 2018 and 2019, and a new water heater was recently installed.
Homes offering this combination of walkability, ideal layout, a spacious yard, extensive updates, and highly-rated schools, are rarely available at such an affordable price point. Don't miss it!
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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