116 MURRAY AVENUE
About This Property
Both full bathrooms have been fully renovated with luxury in mind. The primary suite offers its own private bath with a marble shower, while the main bath is appointed with marble flooring, a heated jetted tub, and a quartz-topped double vanity.
The home's living space has been expanded with a mostly finished basement, now offering additional flexible space including a home office and convenient half bath-perfect for today's work-from-home lifestyle, entertaining, or recreation. Additional upgrades include all windows replaced, a tankless water heater, a direct-access one-car garage with 12-foot ceilings, garage door replaced and new roof in 2021.
Step outside through the rear sliding glass doors to a beautifully landscaped backyard oasis featuring a TimberTech composite deck and EP Henry patio with plenty of room to entertain or simply relax and enjoy the setting.
Ideally located near major highways with easy access to both New York City and Philadelphia, this home combines comfort, style, and convenience in one exceptional package.
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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