12 Collins Avenue
About This Property
Original architectural details remain beautifully preserved, including chestnut moldings, raised-panel accents, pocket doors, an elegant staircase, soaring 10-foot ceilings, a striking marble sink and an incredible covered front porch.
Thoughtful and recent updates include refinished hardwood floors, vinyl replacement windows, central air, a Navien tankless water heater, and a newer rubber membrane roof.
The chef's kitchen is well-appointed with a gas range and exterior-vented hood, dishwasher, refrigerator, and disposal. The luxurious primary bath delivers spa-like appeal, and additional conveniences include second-floor and basement laundry, plus a full bath with tub.
Set on an expansive city lot, the private backyard feels like a suburban retreat with mature landscaping, a heated in-ground pool, and a brand new composite, oversized deck ideal for relaxing and entertaining. A three-bay garage with attic storage above provides exceptional space and flexibility. Enjoy low utililty bills with the owned and warrantied Tesla solar panels installed in 2017.
A truly special property in outstanding condition where historic charm meets modern comfort! Don't miss this incredible opportunity!
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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