14004 RICHTER FARM RD
About This Property
Upon entering, you'll appreciate the airy high ceilings and circular flow that makes entertaining a breeze. The hub of the home is the two-story, showstopper family room, featuring a floor-to-ceiling stone gas fireplace and oversized windows that flood the space with natural light. The updated kitchen is a chef's dream, complete with ALL NEW GE Profile stainless steel appliances, Quartz countertops, decorative backsplash, Harmonics laminate flooring, and opens to the deck and patio. The main level also includes a formal living and dining room; a home office with custom cabinetry conveniently located near a large hall closet and powder room with the potential for conversion into a main level ensuite bedroom; and NEWLY INSTALLED carpet (2024). Upstairs, the luxurious primary suite boasts a cozy sitting area, a walk-in closet designed for two, and a spa-like bathroom with a Jacuzzi tub, and newly renovated shower and Sun Touch temperature-controlled flooring (2022). Three additional spacious bedrooms with ample storage, a hall full bath, and a laundry room complete the upper level.
Prepare to be wowed by the lower level with every bell and whistle for hosting a movie or game night! The owners thoughtfully designed a pub-themed entertainment area equipped with a seated bar counter; a kitchenette with granite countertops, sink, beverage cooler, dishwasher and wine rack; a home theater projector with remote-controlled screen and surround sound; a game table area; a bonus room currently used as a kids' playroom, and a full bath. Glass doors lead to exceptionally wide, walk-up steps gaining access to the backyard. Exterior features include roof replacement (2016); two-car, side-load garage, a covered front porch, a Trex deck, and a flagstone patio - all of which are framed by mature and lush landscaping.
This is a true gem waiting for new owners to begin their journey in making a lifetime of memories!
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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%.
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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.
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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