33
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16 Ridgewood Lane
About This Property
The upgraded kitchen opens seamlessly into a sun-filled living room featuring hardwood floors and a wood-burning fireplace. A few steps down reveals an expansive family room with generous natural light, a dedicated office or den, full bath, and laundry a whole lower level designed for people that need 2 living spaces and a office.
Every floor offers spacious rooms with hardwood floors throughout, a brand-new AC system, and a backyard deck with a gazebo perfect for shading those long summer afternoons.
Room to breathe. Schools you want. Location that delivers.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017