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19396 EMERALD PARK DRIVE
About This Property
The grand two-story foyer sets the tone: crystal chandelier, tray ceiling, and upgraded iron-and-wood staircase. The main level flows from formal living and dining into a dramatic two-story family room anchored by a floor-to-ceiling stone fireplace, soaring arched transom windows, and an elegant wainscoting panel accent wall, connecting directly to an expansive sunroom with five signature arched windows, large format marble-look porcelain flooring, and rear deck access.
The estate-scale kitchen features dual furniture-grade islands, granite countertops, a KitchenAid appliance suite with double wall ovens, elegant backsplash, crystal pendant lighting, and a butler's pantry.
A main-level library and office offers floor-to-ceiling custom dark built-ins with rolling ladder and a window framing the tree-lined backyard.
The primary suite features a $70,000 bathroom renovation: marble wall and flooring, frameless glass rain shower, freestanding soaking tub, dual-sink custom vanity with champagne bronze hardware, and dual backlit LED mirrors. Two custom walk-in closets complete the suite. Upper level includes 5 bedrooms and 3 full baths, including a Jack & Jill layout. New hardwood floors on the upper level and staircase, crown molding throughout main and upper levels.
Over $350,000 in improvements: HVAC, humidifier, UV air purification, water treatment, drainage, gutters, renovated bathrooms, and custom closets.
The finished walkout lower level offers a home gym, media/game area, wet bar, two bedrooms, and renovated full bath - ideal for extended living.
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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