OWNER MOTIVATED - This meticulously maintained 6-Bedroom + Den, 3.5
Bath Home boasts high-end upgrades and exceptional care throughout.
The beautifully updated open kitchen features a spacious island,
stylish new pendant lights, all new cabinetry hardware, stainless
steel appliances including a double oven and a five burner gas
stove. Designed with an open concept flowing seamlessly into the
living room and dining room, it's perfect for both entertaining
guests and enjoying quiet moments with loved ones. The first floor
features the completely upgraded laundry room for convenience, two
spacious bedrooms, a den and 1.5 upgraded modern bathrooms,
providing an ideal retreat for guests. A brand new saltwater system
and a new pool heater were recently installed, overlooking a serene
lake with a picturesque fountain with a Southern exposure, has been
beautifully updated with custom marble flooring and elegant glass
tiles-perfect for both relaxation and entertaining. The second
floor boasts a spacious primary suite with a sitting area and a
beautifully upgraded luxurious bathroom with a new freestanding
soaking tub and an extremely large shower, while the walk-in closet
offers convenience and generous storage. Additionally on the second
floor, the home offers 3 well-appointed bedrooms and a full bath,
providing ample space and comfort. Beautiful porcelain tile and
luxury vinyl flooring span the entire home, offering both style and
durability throughout. The home features an EV charger, and a back
up generator and transfer switch included, a new roof in 2020,
Impact Resistant windows and doors except for 1 slider door,
circular driveway with pavers, water heater replaced in 2018, HVAC
3 ton air conditioner replaced in 2017, an HVAC 5 ton replaced in
2015 with a new blower motor replaced in 2024 and a new pool pump
replaced in 2025. The home has a 250 gallon underground propane
tank to allow for gas top cooking and a gas dryer. The entire
interior was freshly painted in 2024 including the garage. Many
lighting fixtures have been replaced with modern lighting. New
landscaping has been added around the pool and in front of the home
for privacy. (See the Improvement List in the Supplements) Located
within minutes to grocery shopping, restaurants and in a top rated
school district. This family-friendly gated community has LOW HOA
Fees and includes cable, internet and rrigation water. The
amenities include the clubhouse, large community pool, spa/hot tub,
fitness center, basketball, tennis courts and a new recently
completed children's playground.
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.
This home has been so well loved by the original owner! They have taken great care of this property along the way and made updates that are impactful. Let's start with the exterior, New roof and Circular Driveway added with pavers to match in 2020. All window and doors have been upgraded to hurricane impact in 2018, besides 1 set of sliders. Huge kitchen remodel to open up the space and make room for large island as well as all new appliances in 2018. At that time the entire home also received new flooring throughout, no carpet here! Half bath for guests added 2023! Master bathroom was a complete gut job, 2018, to make better use of the space! A few other important upgrades include water heater 2018, HVAC 3 ton replaced 2017, HVAC 5 ton replaced 2015 and a pool pump 2009. This home has a 250 gallon propane tank unground to allow for gas top cooking and use of the gas dryer! This home has a stellar location, just a couple minutes from grocery stores, restaurants, shopping, hospitals etc. and in a top rated school district! This family friendly gated community has so much to offer from clubhouse, fitness room, lighted basketball and tennis courts to a large community pool w/ LOW HOA! The manager has listed the unit size as 3313 square feet.
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Address: 335 Madison Avenue, New York, NY 10017