13348 ELLIOTT DRIVE
About This Property
The foyer offers three closets, including one walk-in, and a convenient powder room. To the right of the staircase, the spacious family room enjoys ample sunlight and comfortable gathering space. Continue into the open-concept great room, where a sunlit living area features a built-in bench seat, soaring ceilings, and dramatic stacked windows. The adjacent formal dining room showcases a vintage-inspired chandelier, exterior access, and an open cutout shelving wall for decorative display or additional storage. Beyond the accent wall lies the gourmet eat-in kitchen, featuring a large island with breakfast bar seating and a floating sink illuminated by statement pendant lighting. Highlights include stainless steel appliances, granite countertops, a warm backsplash, ample cabinetry, a writing station, a butler's pantry, and additional exterior access for easy indoor-outdoor flow.
Upstairs, the loft/sitting room features vaulted coffered ceilings and a centrally located laundry closet. Three bedrooms and three full bathrooms complete this level, including a remarkable owner's suite with vaulted ceilings accented by exposed beams, a spacious walk-in closet, and a stunning bathroom with vibrant tilework, a soaking tub, dual sinks, and a separate shower. A second bedroom also includes a private bath and walk-in closet, while the third bedroom offers double closets and vaulted ceilings with exposed beams. The uppermost level loft includes a bonus room ideal for a home office overlooking the owner's suite, an additional loft space perfect for a playroom, and a utility room.
The fully finished walk-out lower level expands the living space with a recreation area, a carpeted sitting area, a dining space, and a second full kitchen with stainless steel appliances. This level also includes a laundry room, a fourth bedroom, and a full bathroom. Outdoor living is a true highlight, with a two-tiered wraparound composite deck overlooking the tranquil, wooded backyard-private, peaceful, and perfect for relaxing or entertaining amid nature's beauty.
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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