20 Griggs Drive
About This Property
The first level showcases an open-floor plan with a welcoming entry foyer, a spacious dining room, and an expanded eat-in kitchen that seamlessly transitions into an extended family room. The countertop extends into the family room area, providing additional seating with stools. The formal living room is adorned with a custom stone gas fireplace and features beautifully refinished hardwood floors that lead to the upper bedrooms.
The main level also encompasses a bathroom, and a separate laundry/mud room equipped with a newer washer and dryer. There is a partial finished basement. Dual staircases with wood banisters lead to the second-floor formal living room area, offering openness and a custom stone gas fireplace for added warmth and tranquility.
The third floor has four spacious bedrooms, including a master suite with a master bath and refinished hardwood floors.
The backyard features a semi-inground pool with a wrap-around deck. There is an 8-zone inground sprinkler system. Additional storage is provided by a shed, all situated on a generously sized and fenced private shrubbed corner lot. The exterior has been recently updated with new siding and a roof, both updated within the last five years.
Current actual property taxes amount to $15,473.80 without STAR program.
The interior of this property is immaculately maintained. Be in by Summer! Great location!
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