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204-14 7th Avenue
About This Property
Welcome to 204-14 7th Ave, where luxury meets functionality! As you ascend up the front steps of this gracious home, you are greeted with blue cedar shake siding, oversized Anderson A-Series windows and over 1,200sqft of exterior decking. Upon entering, you are immediately struck by the natural sunlight that floods every inch of the open floor plan. A large, charming living room is accented with custom built-ins and window seats with storage and an indoor/outdoor gas fireplace. This room flows right past your foyer into the huge, custom kitchen that is equipped with Thermador appliances, quartz countertops and beautiful, white cabinets. The 10' island with built-in wine fridge is the perfect place to entertain while the built-in dinette gives extra seating for large gatherings. Head out the double sliding glass doors; you have an enormous media room that is surrounded by windows and has beautiful, vaulted ceilings. This space also has a large, built-in bar which gives your guests plenty of room for seating to watch the big game. This floor also has a large, walk-in, customized pantry, coat closet, half bathroom with washer and dryer, beautiful moldings, shiplap and custom plantation shutters.
As you head up the grand staircase to the second floor of the home, you will find four large bedrooms and two full bathrooms. Each bedroom has vaulted ceilings and ample closet space. The primary bedroom has a private deck and a large, custom walk-in-closet which is closed off by pretty barn doors. The primary bathroom is accented with gorgeous marble tiles, a double sink and a large, walk-in shower. Skylights in almost every room flood this floor with natural light as well.
The basement spans the length of the home and has both a hangout/office area which is surrounded by cedar, a half bathroom and a plethora of storage. There are multi-zone central air and heat as well as radiant heating on the first and second floors. Enjoy surround sound both inside and out, parking for up to 4 cars, shower house and a secluded, oversized hot tub. Located at the end of 7th Avenue, this location and home can't be beat!
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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