17 Marlowe Place
About This Property
The finished lower level provides excellent additional living space with its own outside entrance, full bath, sitting room, and an additional room, making it ideal for extended family, guests, a home office, recreation, or flexible living arrangements. Laminate flooring and new basement windows enhance the space. The full basement offers additional storage and utility space with a slop sink, washer/dryer, and access to mechanicals.
Outside, enjoy a private, fully fenced yard designed for both entertaining and recreation. Features include a Trex deck, blacktop basketball court, river-stone fire pit area, and new wood stockade fencing across the rear of the property. Six-zone in-ground sprinkler system makes lawn care easy. Additional highlights include stone siding, approximately five-year-old siding, newer exhaust fans, a whole-house-length attic, forced hot-air heating, and natural gas.
Conveniently located in Greenlawn, this home offers a combination of flexible living space, thoughtful updates, and a backyard built for enjoying time with family and friends.
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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.
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About Greenlawn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017