1635 Thumb Point Drive
About This Property
(water depth is approximately 4 foot at end of current dock structure and approximately 9 foot if extended out similar to neighboring docks.
Solid concrete block construction with dried in roof and elevator shaft in place.
4,746 sq feet of living area. 6,530 sq ft total.
2 large master bedroom suites on the first and second floors.
71 ft covered porches on both first and second floor with magnificent wide river views.
Owner will finance with $1.1 million down.
All situated on .3 acre lot with 109 feet on the water.
See floor plans and elevations under documents tab FIRST FLOOR MASTER SUITE 30 X21,
SECOND FLOOR MASTER 25 X 30,
POSSIBLE HOME THEATER 28 X 28,
KITCHEN 28 X 15 INCLUDING 2 LARGE PANTRIES.
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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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When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017