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1321 Gillespie Avenue
About This Property
The main unit features an inviting open floor plan with a spacious kitchen equipped with stainless steel appliances, seamlessly flowing into the living and dining areas. Highlights include hardwood floors throughout, ceiling fans, and air conditioning for year-round comfort. French doors lead to an oversized deck, creating the perfect setting for outdoor entertaining and relaxing summer gatherings.
The primary living space includes three well-sized bedrooms and one and a half bathrooms, designed for both comfort and functionality.
The additional unit offers a private one-bedroom apartment with private patio, ideal for rental income or extended family, providing both convenience and privacy.
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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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About East Bronx
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017