2 Archer Avenue
About This Property
The finished walk-out lower level offers exceptional flexibility with a legal fifth bedroom, full bathroom, office, kitchenette, gym or recreation space, abundant storage, and direct access to the backyard. Whether used as a guest suite, multigenerational living space, or potential Airbnb opportunity, this level adapts beautifully to a variety of lifestyles. Outside, mature trees create a peaceful, private setting, while the rear deck and stone patio provide ideal spaces for entertaining, dining, or gathering around a fire pit under the stars. High ceilings, detailed moldings and trim, a two-car garage, and quality finishes throughout complete this remarkable offering. Combining comfort, style, and exceptional versatility in one of Beacon's most desirable neighborhoods, this is a rare opportunity to enjoy spacious living with nature, recreation, dining, and commuter access all just moments from your doorstep.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017