20 W Kingston Road
About This Property
You will love the open floor plan! Stained concrete floors, vaulted ceilings, quartz counter tops. A full chef's kitchen with stainless and solid surfaces . Just down the hallway is the Primary Suite with a King bed which includes a totally renovated Primary bathroom.(new pictures coming soon) There is a large walk-in closet. The other two spacious guest bedrooms have Queen beds. Wake up in any of these bedrooms to the warming sunlight draping in from your adjoining doors that leads you out to the beautiful courtyard. Another full bathroom sits between the two bedrooms and the adorable twin bunk-bed located in the main hallway. Outside the cottage is 821 sf of relaxing outdoor living area and covered porch and loggia. The home is directly across from the Owner's Pavilion.
Based upon the information reviewed by Town Architect it appears that there is 811 SF remaining that could be constructed as impervious and result in in the allowed 50% impervious coverage. Add a carriage house and/or pool. On expanding the house footprint, the Urban regulations limits the width of the house wings to 25'. Enlarging the footprint would need to comply with the Urban and Architectural Regulations adding a second story to the house. Any house on the Type IX House/Lot type is allowed to be two stories.
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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