1501 BROMFIELD WAY
About This Property
This five bedroom, four and a half bath brick-front colonial is a rare offering. Located in the premier neighborhood of Colonial Manor, this home offers three levels of spacious living that combine a modern, open floor plan with high-end architecture and character. The kitchen is an entertainer's dream: premium appliances, dual ovens, a gas cooktop, an oversized island with seating, and a breakfast area. The kitchen opens to a spacious family room with high ceilings, crown molding, and a gas fireplace with a stone surround. The upper level boasts four bedrooms and three full bathrooms. The spacious primary suite includes a sitting area, a tray ceiling, two walk-in closets, a garden tub, a separate shower stall, a dual vanity, and a water closet. What really sets this home apart is the recently renovated lower level. Included in this thoughtful design is a large additional living space, a wet bar with a butler's pantry, a spacious bedroom with a walk-in closet, and a full bathroom. This versatile lower level offers complete flexibility to meet the needs of its future owners. Walk out to the backyard and spend time by the fire pit or under the pergola to enjoy the patio. At night, admire the landscape lighting which showcases the large trees that provide this home with the perfect backdrop and plenty of privacy. The two-car garage is also wired for an electric vehicle.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2024 | Sold | ||
| Sold | |||
| Sep 11, 2024 | In contract | - | |
| In contract | |||
| Sep 6, 2024 | Price Decreased |
$1,200,000
↓ $150K
(11.1%) | |
| Price Decreased | |||
| Jul 27, 2024 | Price Decreased |
$1,350,000
↓ $149K
(9.9%) | |
| Price Decreased | |||
| Jun 8, 2024 | Listed by Coldwell Banker Realty | $1,499,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017