11670 GILMAN LANE
About This Property
This home is a perfect blend of communal and private spaces with a first floor study and private office off of the primary suite. There is an additional space in the walkout lower level available for office space, gaming, lounge, guests or bedroom. All of the bathrooms were beautifully renovated just last year.
Enter the home from the covered front porch into a center foyer with study/library on one side and formal living and dining on the other. multiple bay windows bring in light from every angle. The kitchen has been updated with lighting, counters, and a pot filler above the stove. Windows across the back of the home with double glass doors to the deck and an enormous window in the family room finish of the main level.
Upstairs the primary suite is truly spacious. enter through the sitting room to the bedroom with private office space to the left. Luxury renovated bathroom with glass enclosed oversized shower and standing jetted tub also includes double vanity. Walk in Closet is the size of most bedrooms!
Three additional large bedroom and second newly renovated bathroom finish off the top level.
The lower level has rec space, a wet bar, and office or lounge room and another privated space with a third renovated full bath. Walk out to the backyard where there is shed space below the deck as well as a self standing shed in the wooded space. This home is not to be missed.
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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