2012 ROCKINGHAM STREET
About This Property
Since 1997, the home has undergone two major renovations, both designed and completed by Morris-Day. Although the original home was built in 1952, the only remnants from the original house are the foundation and the two side walls of the original home.
Designed for both beauty and function, with a formal living room with lovely hearth adorned with art-deco tile and surrounded by built in shelves. The formal dining room is perfect for large gatherings and leads to an open-concept kitchen, breakfast room and family room with a great reading nook/window, all bathed in natural light from a multitude of windows on either side of the family room which offer seamless flow and stunning backyard views. The family room also features a gas fireplace and two glass doors leading to the partially covered porch. The outdoor porch features both a covered area along with an adjoining deck. In addition there is a main-level suite, complete with a coffee bar and en-suite bath, which provides flexibility for guests or multigenerational living. The main level of the home was designed for wheelchair accessibility throughout this level, including the width of the doorframes, first floor bathroom with a roll-in shower and sink which can accommodate a wheelchair, and many other design features.
The upper level features four generous-sized bedrooms, including a luxurious primary suite with magnificent views of the backyard and four spacious closets. An additional full bath and three additional bedrooms are located on the upper level.
The fully finished lower level is designed for versatility, featuring an exercise/bonus room, a private office, a spacious mudroom, a full bath, and a dedicated laundry room-complemented by a convenient second washer and dryer on the main level. A three-car garage ensures ample storage, while the professionally landscaped yard with a full sprinkler system keeps the outdoor space lush and vibrant.
A covered front porch and flagstone patio invite you to enjoy the privacy and tranquility of this exceptional property. Combining impeccable quality with unique design, this one-of-a-kind home is a rare find in Franklin Park.
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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