131 Gleneagles Drive
About This Property
A dramatic and oversized living room with a gas fireplace anchors the main level, creating an inviting atmosphere for both entertaining and daily living. Formal and informal dining areas offer versatility for gatherings. Large-format tile flooring spans the first floor, and the primary bathroom has been tastefully updated. A new HVAC system installed in 2023 reflects the careful maintenance and pride of ownership throughout the home.
The layout includes three bedrooms and two-and-a-half baths, along with a versatile 12-by-13 loft that easily functions as an office, media room, den, or optional fourth bedroom. An enclosed sunroom adds another layer of living space and opens to a covered outdoor patio overlooking a quiet secret garden and scenic path. The quaint yard provides warmth, privacy, and a peaceful outdoor retreat rarely found in townhome living. Residents enjoy access to an impressive collection of amenities, including multiple community pools, a tennis center, pickleball courts, walking trails, and a playground. The championship golf course and clubhouse dining at the Blue Tee Restaurant enhance the social atmosphere, while the marina, sailing club, and dockside dining at LJ Schooner's Dockside Restaurant & Bar extend the lifestyle to the water. Well-maintained surroundings, strong community appeal, and a walkable setting make this property an exceptional 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