119 Crab Apple Avenue
About This Property
Inside, you'll find thoughtful custom touches throughout. The kitchen features stainless steel appliances, under-cabinet lighting, and durable tile flooring that flows through the main living areas. The laundry room has been upgraded with stylish shiplap detailing, adding character and charm. The spacious primary suite offers a spa-like bathroom complete with double vanities, a relaxing garden tub, and a separate shower. The custom walk-in closet showcases custom shelving for better function.
Additional highlights include a large fully fenced backyard with a large shed, garage outfitted with built-in cabinetry and sleek epoxy flooring. The extended driveway provides extra parking and convenience.
With premium finishes, major system updates, and an oversized lot, this home truly stands out.
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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