21 Choate Avenue
About This Property
This Home Has Been Thoughtfully Updated Inside And Out. The Kitchen Was Completely Renovated In 2020, While Both Bathrooms Were Beautifully Remodeled In 2025. Hardwood Floors Were Refinished In 2020 And Are Complemented By Crown Molding, Updated Interior Doors, And LED High Hats Throughout. A Full Basement Provides Excellent Storage And Endless Potential For Additional Living Space.
Other Improvements Include Central Air Conditioning And An Updated Electrical Panel In 2023, A New Cesspool In 2025, And A Roof That Is Approximately Seven Years Old. Outside, Enjoy A Brand New Driveway, Cambridge Paver Walkway, Knee Wall, And Pergola, All Completed In 2025. The Property Also Features A 4-Zone In-Ground Sprinkler System.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017