1433 Sarazens PLACE
About This Property
With an emphasis on Florida indoor/outdoor living the large covered lanai with summer kitchen, featuring a large grill and fridge, opens to the resort-style backyard. Enjoy your private oasis entertaining outdoors on the maintenance-free turf and relax with friends around the built-in gas fire pit. Just off of the entrance a modern salon with a built-in lighted bar with a wine fridge can double as a private study. Healthy natural light is carried through to the exceptionally pristine primary suite and luxurious master bath including a huge walk-in closet, his and hers quartz vanities, a vessel tub, and a walk-in shower. The in-law or guest suite located on the first floor has easy access and is very private. The upper level of this custom home consists of three bedrooms, each with its own bathroom and large closet. All bedrooms are centered around a large activity room, ideal for movie or game night. This home is perfect for young families and empty-nesters. Close to shopping and restaurants along Park Avenue. Walk to the YMCA and Phelps Park. Golf and tennis enthusiasts enjoy the neighborhood Racquet Club, Interlachen Country Club, and Winter Park 9 Golf Course.
The newly constructed retaining wall creates a level backyard which has been outfitted with brand new Shawgrass Navigation Trek turf and a 14 X 14 gas built-in fire pit. All light fixtures are custom-added by the owner. The salon/study has custom built-ins and Cotton Pink Onyx countertops with built-in LED lighting.
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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.
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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017