145 Sixth Avenue
About This Property
This home has been lovingly restored and updated throughout. Listing all of the renovation and enhancement inside and out, would not be possible. Throughout the restoration, at every turn, an effort has been made to enhance the use and functionality of the home's space, while restoring, preserving, and being true to the home's original design and architectural detail. The home's original leaded glass windows and chandelier have been maintained and restored, many of the wood surfaces have been stripped and restored, rather than replaced. With great care to preserve and honor the home's original charm, details and design, virtually all of the home's infrastructure has been upgraded and amenities have been added to bring it into line with the amenities one would expect in a luxury home today. Modern meets vintage home with lots of character.
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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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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017