12103 OLD PINE WAY
About This Property
From the main entrance you enter the 2-story foyer with Ballard ceiling grand chandelier, marble white floors with black marble inlay. The formal dining room is on your right with chair rail molding, wainscotting, and large crown molding and to the left you will find the formal living room. The first floor has beautiful hardwood, except for the marble foyer and the kitchen, which has ceramic tile. As you find your way to the rear of the home through pocket doors, the library walks out to a beautiful screened porch, looking out over the rear gardens and yard.
As you walk into the kitchen, you will see that the kitchen is updated with glass cabinets, black granite counters, Bosch dishwasher, center island, and butler's pantry with sink. The kitchen is open to the breakfast room and the 2-story family room with a mason fireplace with gas logs. The family room walks out to a rear deck that looks over the backyard, and there is a door for the family entrance leading to the side-load garage.
On the upper level you will find 4 large bedrooms, the first of which is a suite. The upper-level hall has hardwood floors and a laundry room. The best of the upper level is the luxurious owner's suite with 2 walk in closets and a pristine bath that has been updated with a freestanding tub, new high vanities with stone countertops and undermount sinks, 12x24 tile floors, and glass standing shower with 2 showerheads.
When you walk down to the lower level, you will find a media area, an exercise room, an office, and a full bathroom with a steam shower you will never want to leave. The lower level also has a walkout door that leads you into the lush rear yard.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017