191 Cathedral Avenue
About This Property
The main level features a gracious entry foyer, an oversized formal living room with hardwood floors and 2 wood-burning fireplaces, and a bright sunroom suitable for office or leisure use. An open dining area flows into a spacious eat-in kitchen, offering excellent potential for customization. A separate flexible space behind French doors provides options for extended dining
The second floor offers four bedrooms, including a primary suite with en-suite bath. The third floor includes additional bedroom and bath space, ideal for guests or home office.
The lower level features a separate entrance, recreation area, and access to the backyard.
Situated on approximately 0.572 acres, the property offers generous outdoor space with potential for a pool or expansion. Detached two-car garage. Conveniently located near parks, golf courses, LIRR, local amenities, shopping and dining, minutes from Hofstra university and Adelphi University.
A rare opportunity to own a home with scale, character, and unlimited potential!
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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%.
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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 Hempstead
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017