1200 CEDAR LANE
About This Property
The open-concept layout is perfect for both everyday living and entertaining, with a covered front porch, expansive rear deck, and a finished walk-out lower level complete with a full bath, second kitchen, and flexible space ideal for a gym, media room, or studio. The gourmet kitchen features a gas cooktop with hood, granite counters, stainless appliances, tile backsplash, soft-close cabinetry, a large eat-in island, and a butler's pantry with wine storage. The living room showcases coffered ceilings, recessed lighting, and a gas fireplace with water views beyond. The spacious primary suite includes a private deck, two walk-in closets with custom built-ins, and a spa-like bath with jetted tub and steam shower. A water-view bedroom/office with its own balcony offers the perfect work-from-home retreat.
Outside, enjoy evenings around the firepit or head to your private pier with deep water, a boat lift, and two jet ski lifts. With hardwood floors throughout, built-in speakers, a mudroom with custom storage, an oversized two-car garage, and a generator for peace of mind, this home offers the very best of waterfront living in Edgewater.
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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