14 Marlene Court
About This Property
The heart of the home is the main level, featuring a bright, open-concept layout ideal for entertaining with soaring vaulted ceilings and anchored by a cozy wood-burning stove. Large, sun-filled windows and a sprawling wrap-around deck seamlessly connect the indoor and outdoor spaces. This level also features a Primary Suite with a newly renovated bath and two family bedrooms and a newly renovated hall bath, with beautiful hardwood floors throughout.
The versatile walk-out lower level provides incredible space and multiple windows. It includes a bedroom and a renovated bath with comfortable heated floors, a dedicated den/media room (the ultimate "man cave") with a warm gas fireplace, as well as an additional room that can easily be utilized as a private office, home gym, or an extra bedroom. This level also features a convenient laundry area, and a mudroom with built-in cupboards. Double French doors open out to the serene garden, and a charming window seat offers extra storage. This space could also function as a guest quarters or an au pair suite, offering a lot of flexibility. Location, privacy, and a huge potential for reinvention-this Rye City home has it all!
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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