20 Ivanhoe St
About This Property
The gourmet kitchen showcases an oversized quartz island, 42-inch refrigerator, gas range with vent hood, double ovens, soft-close shaker cabinetry, a walk-in pantry, and a butler's pantry. A lovely study with a gas fireplace provides the perfect work-from-home retreat, while the stylish powder room features mosaic tile. The finished three-car garage connects to a functional mudroom complete with custom built-ins and a convenient dog wash.
Upstairs, 9-foot ceilings enhance four spacious bedrooms, each with its own en-suite bath and walk-in closet. The luxurious primary suite is a true retreat, offering a coffee bar, walk in closets, and a spa-inspired five-piece bath with a soaking tub, walk-in shower with dual showerheads, and direct access to the laundry room.
The finished basement expands the living space with 9'9" ceilings, a fifth en-suite bedroom, a full bar, and an expansive recreation room anchored by a gas fireplace. Outside professional hardscaping and landscaping with firepit extends the living space.
All of this is ideally situated on a quiet one-way block. Close to restaurants, parks, Cherry Creek and priority membership at Crestmoor Swim and Tennis Club.
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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