2115 Belmont Lane
About This Property
3 bed + bonus area with plenty of options to add on. A California Casa Contemporary featuring a large backyard. This private residence offers easy indoor-outdoor transitions from grassy yard space and brick paver walkways to hardwood and stone floors. Illuminating during the day with 10+ transom windows, skylights and 6 French doors, as it is spectacularly set aglow in the evening with hacienda-modern chandeliers and historic archetype sconces. It's as beautiful as it is real, and even more welcoming because of its 8' doors, a 12' great room ceiling, a 13' living room ceiling and a rising 1-level floor plan offering spatial organization like none other. Its kitchen has stainless steel appliances, a Wolf double convection range oven, a Sub-Zero fridge, Miele dishwasher and walk-in pantry. It's amazing that the master suite with 3 closets as well as the office, the guest room and the great room all have their own individually appointed outdoor spaces. Additionally, all of this sort of overshadows the home's other amenities i.e. Tesla charging station, radiant heat system, tankless hot water heater, 350 square feet of storage, CAT-5 wiring and a finished 2-car-engineer-wood floor-recessed lit-radiant heat with built-ins garage. All on an approximate 50 X 150 square foot lot. (buyer to verify).
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2019 | Sold | ||
| Sold | |||
| May 9, 2019 | Listed by Compass | $1,699,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017