116 WICKHAM TERRACE
About This Property
Step inside to gleaming hardwood floors throughout the main level, where you're welcomed by formal living and dining rooms ideal for entertaining. The inviting family room features custom built-ins and a stunning double-sided gas fireplace, creating a warm ambiance for gatherings. The spacious kitchen offers an eat-in design with casual breakfast bar seating, perfect for everyday living, while a large laundry room with built-ins and a sink adds convenience to the main level.
Upstairs, you'll find four generously sized bedrooms, including the primary suite with an attached bath and a large walk-in closet. Three additional bedrooms feature hardwood flooring and share a full hall bath.
The finished basement is sure to impress, offering exceptional versatility. It includes a kitchenette with island, multiple den or recreation areas, and a spacious 40x13 workshop. A walk-up exit leads to the backyard, where a beautifully stamped concrete patio surrounds the 16x32 inground pool, creating an ideal setting for summer gatherings, cookouts, or celebrations.
Outdoor living continues with easy access from the main level to a gorgeous deck offering multiple seating areas-perfect for relaxing or entertaining while enjoying the serene backyard setting + all enclosed by a 6' cedar fence!
Completing the home is a spacious two-car garage with convenient side-door access, providing both functionality and additional storage options.
Ideally located in the sought-after Sovereign Village community, this home offers a peaceful neighborhood setting with easy access to major commuter routes, shopping, dining, and everyday conveniences. Green-minded buyers will appreciate the solar panels on the roof, adding energy efficiency and long-term savings. Combining a prime location, thoughtful upgrades, and exceptional living spaces, this home has it all-schedule a private tour today!
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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