17 Hill Street
About This Property
The exterior immediately impresses with fresh architectural shingle roofing, new board-and-batten siding, a charming cedar shake gable accent, and a striking stone veneer base. A spacious covered front porch with warm wood posts invites you in, while the brand-new concrete driveway adds both curb appeal and function.
Inside, every system and finish has been replaced or upgraded, including new HVAC with all-new ductwork, updated insulation throughout, new interior doors and trim, custom cabinetry and countertops, all-new appliances, fully renovated bathrooms, and updated plumbing and fixtures from top to bottom. A new front door and French doors add style and natural light.
As a bonus, the property includes a 300 sq ft detached workshop -- perfect for the hobbyist, woodworker, or extra storage.
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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