188 N BAY DR
About This Property
Upon entering, you'll be greeted by beautiful hardwood floors that add a touch of elegance to the space. The living room provides a comfortable area for relaxation and entertainment. The property boasts a prime waterfront location, allowing you to indulge in stunning views and the soothing sound of the waves.
The interior features a new AC system installed in 2020, ensuring your comfort during warm summers. The roof has been updated within the last 5 years, providing peace of mind in terms of durability and protection from the elements.
This home also includes an owned water conditioner system. This system is designed to treat the water supply, improving its quality by reducing the presence of minerals, impurities, and potentially harmful substances.
Moreover, the property sits on a generous lot size of approximately 0.26 acres, providing ample space for outdoor activities, and gardening, This sizable lot offers opportunities for creating a personalized outdoor oasis or simply enjoying the open space and privacy it provides.
With both front and rear decks, you'll have enticing outdoor spaces to revel in the refreshing bay breeze, bask in the warm sun, and immerse yourself in the serene surroundings. Step inside and be captivated by the picturesque view of the bay that greets you from every angle. The six windows, recently replaced to embody modern elegance, are strategically positioned to frame the breathtaking bay view, flooding the interiors with an abundance of natural light. Not only do these upgraded windows enhance the aesthetic appeal of the home, but they also prioritize energy efficiency, ensuring a comfortable and sustainable living experience throughout the year. Whether you're taking in the panoramic scenery or savoring the gentle breeze that permeates through these new windows, this property offers an idyllic retreat for those who crave tranquility and embrace the beauty of nature.
An excellent opportunity to live a serene coastal lifestyle, with its beachfront setting, convenient amenities, and cozy interior. Schedule your showing today!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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