172 SENATOR Street
About This Property
The parlor level features an original stained-glass transom over the entryway leading to a large, sun-filled living room with oversized bay windows adorned with stained glass. This level also features soaring 10-foot ceilings, a decorative fireplace, pocket doors and a formal dining room with a coffered ceiling and original woodwork.
The renovated eat-in kitchen is bright and cheery and showcases stone countertops, stainless steel appliances (including a dishwasher and microwave), recessed lighting, a wine fridge, custom cabinets and a breakfast nook overlooking the sun-filled South-facing backyard. Sliding glass doors lead to the serene, country-sized backyard garden with mature trees, a patio and a Trex deck perfect for entertaining or just relaxing after a long day.
The upper level offers 4 bedrooms with tree-top views, a full bath, and two stained-glass skylights that bathe the home in natural sunlight. Each bedroom has a spacious closet and the primary bedroom features a walk-in closet.
The finished basement can be accessed from the hallway off the kitchen and and has a separate entrance at the front of the home, a full bath, separate laundry room, and serves as a playroom and recreation space.
Additional features include original banisters, a split AC unit in the kitchen, ceiling medallions, abundant storage space, and a charming front yard garden.
Ideally located just minutes from the subway, express bus, and NYC ferry and all the shops and restaurants on Third Avenue, this home is a special find. First showings at the open house Sunday Oct 20th from 3:00 to 4:00pm. No appointment needed.
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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