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About This Property
Introducing a remarkable brand new single-family home constructed with meticulous attention to detail. This exceptional property is ideally located within a few blocks of the recently established Edgewater Market, Edgewater shops, and an array of delightful restaurants. Impeccably designed and built by one of the most esteemed builders in the neighborhood, this residence boasts a truly unique interior layout that sets it apart from the rest. The luxurious great room and living room, complete with a cozy fireplace, seamlessly connect to an inviting outside patio and spacious backyard. The gourmet kitchen features a custom-built dining table and bar counter, perfectly suited for entertaining guests. On the first floor, you'll discover a generously proportioned private office or bedroom, accompanied by an en-suite 3/4 bathroom. Adjacent to the kitchen, a refined dining room awaits, complemented by a sizable butler-style pantry. Additionally, a mudroom with ample closet space and a convenient dog was station cater to the needs of your beloved pets. Ascending to the upper level, an expansive owner's suite awaits, adorned with vaulted ceilings, hardwood floors, double walk-in closets, and an opulent 5-piece bathroom complete with a soothing soaking tub. The upper level also houses three more bedrooms, a full bath, and a laundry room for utmost convenience. A fully fenced private backyard and a detached two-car garage enhance the allure of this property. Don't miss out on this rare opportunity to own a single-family home just a stone's throw away from the vibrant Edgewater community and the breathtaking Sloan's Lake.
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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