2015 MARGRAVE AVENUE
About This Property
The open main level features a spacious kitchen with island seating, large pantry, and eat-in area that flows naturally into the living room, ideal for both daily living and entertaining. A dedicated main-level office adds work-from-home flexibility.
Upstairs includes a generous primary suite with sitting area and open spacious closet, along with additional bedrooms and upper-level laundry. The finished lower level is a standout: featuring a media area, gym, play space, utility room and a two-person sauna, creating a true extension of the living space.
Outdoor highlights include a deck and patio overlooking wooded views, offering privacy rarely found in the neighborhood. Additional features include an EV charging station, upgraded lighting, and smart home touches. Move-in ready.
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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