184 Park Place #0
About This Property
Parlor Floor:
As you enter on the Parlor Floor, you are greeted by a large living room space, featuring an abundance of natural sunlight, original redbrick fireplace and high beamed, tin ceilings. The sliding double pocket doors lead to a currently configured bedroom with its own dedicated redbrick fireplace, powder room and closet. This entire floor can be designed as one expansive open area for grand entertainment and living!
Garden Floor:
The curved staircase leads to the garden level where opportunity awaits! The currently configured large master bedroom incorporates two large windows with a view of the quaint front yard and includes an original redbrick fireplace, from 1889, as well as a closet. The kitchen fosters an amazing template for a chef's dream space with natural sunlight, a full bathroom, dishwasher, refrigerator and large pantry. Just off of the kitchen is the sunroom which overlooks the 536 sq. ft. private enclosed backyard offering a variety of possibilities to craft your ideal exterior space. Just below the garden floor is the 520 sq. ft. basement, great for storage.
Second Floor:
This floor includes the spacious second and third bedrooms each encompassing a dedicated closet, brick fireplace and large windows for sunlight. The second bedroom also includes a powder room! The entire second floor has the potential for a master suite floor with his/her closets, a spacious sitting area and oversize master bedroom!
The original woodwork and elements fused with the boundless opportunities of each floor, make this Townhouse, the ideal project for someone's dream home.
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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