1700 Redcoat Drive
About This Property
Seller has created an open floor plan with elevated ceilings, refinished hardwood floors and high end lighting. The dining and living spaces flow seamlessly together.
The kitchen is a showpiece with custom cabinetry, striking quartz waterfall island, and a full stainless steel suite that includes counter depth refrigerator, double convection ovens, 36" gas 5 burner cook top, below cabinet microwave, and wine fridge. Vertically stacked subway tile backsplash runs from counter to ceiling surrounding the custom hood.
Clever storage features, like pull out shelving, a hidden mixer stand, deep drawers, double trash bin- make the space functional and stylish.
The great room features custom built in cabinets with shelving surrounding a sleek low flame gas fireplace, includes double French doors leading to a private back yard.
Spacious laundry room features custom cabinets, quartz counter space- washer and dryer-2024 do convey.
Roof-2024, HVAC/ductwork-2024,Tankless W/H-2024, gutters-2025, exterior brick paint and trim-2024, home does have vinyl replacememt windows.
The eclectic details--statement lighting, designer wallpaper, (including WindyOcconner ceiling treatment) and colorful accents make this anything but cookie-cutter.
The seller has professional renderings for an expanded primary suite and bath.
Home offers an urban lifestyle in a suburban setting with still easy access to Uptown, MoRA, Cotswold and SouthPark.
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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 Stonehaven
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017