1613 MADDUX LANE
About This Property
The main level is open and timeless with wide Doorways, Hardwood Floors, generous dining and living rooms with Wainscoting, Crown Molding and beautiful Millwork (including the mahogany fireplace in the living room) & solid wood doors throughout. The main level office, allows access to the deck overlooking the pastoral back yard. And, the central family room boasts a cozy rustic stone fireplace flanked by twin French Doors to the larger of the two Decks. Adjacent is the kitchen with a convenient butler's pantry – both appointed with quality Rutt Wood Cabinets and updated Quartz Countertops. The kitchen also hosts an island with storage and seating, newer Appliances and a cheery breakfast room with its own small deck --perfect for enjoying a cup of afternoon tea or watching wildlife frolic with morning coffee. The main level laundry room doubles as a mud room with quick access directly outside or to the garage.
Upstairs, accessed from either the front or rear staircase, are spacious Bedrooms with upgraded carpet and pad, fresh paint and beautiful views from the windows – two bedrooms share a bathroom, another is an en-suite and the primary bedroom, with a tray ceiling, his and hers walk-in closets and an updated bathroom completes this level. The lower level, surprising with 9' ceilings, hosts a bonus or guest room with an adjacent full bathroom, several storage rooms and a bright recreation room with the 3rd fireplace and French doors to the ample slate patio. Pool Table in the lower level will Convey. Two-zone HVAC (replaced in 2019 and 2016) keep the home very comfortable. The cedar shake roof (replaced in 2016) will look lovely for years to come. Added Feature: 6-zone irrigation system. The pride-of-ownership is obvious throughout this elegant and beautifully kept home. ** FLOOR PLANS AND PLAT IN THE DOCUMENT PORTAL**
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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.
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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