119 Franklin Avenue
About This Property
The home retains the character that makes Tudor architecture so distinctive, while thoughtful updates throughout create a comfortable and contemporary living experience. The interior has been updated from top to bottom, including a newly renovated first-floor powder room, as well as a completely redone electrical upgrades.
The main level welcomes you with generous living spaces filled with natural light, a dining area, and an inviting eat-in kitchen that opens toward the backyard space. Upstairs, the home offers spacious bedrooms and well-appointed baths, including a private upper-level suite with vaulted ceilings, skylights, a dressing area, and custom closets.
Outside, mature landscaping provides a sense of privacy and separation from the surrounding neighborhood. The cozy backyard creates an intimate setting for enjoying a morning coffee, gathering with friends, or unwinding at the end of the day. Raised garden beds in the front yard offer an opportunity for gardening and add another thoughtful touch to the property's outdoor spaces.
The commute to Metro-North is approximately a seven-minute away from the home, with trains reaching Grand Central in roughly 30 minutes. It is the kind of location that allows you to enjoy the space, quiet, and privacy of a residential neighborhood without feeling disconnected from the city.
For those looking to trade the pace of Manhattan for a little more room to breathe-without giving up the convenience of getting back-this Tudor offers an appealing balance of character, comfort, and connection.
Furthermore, the residence is also available for rent at $5,500 per month, offering an opportunity to experience the home's character, privacy, and convenient connection to Manhattan without committing to a purchase.
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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