212 Davey Street
About This Property
Upstairs and throughout the home you'll find generously sized bedrooms, ample storage, and neutral finishes filled with natural light. A cozy gas fireplace (approx. 2–3 years old) adds warmth and charm to the living space. The flexible layout easily accommodates families, guests, or home office needs.
Major mechanical and structural updates provide peace of mind, including a newer electrical panel, newer hot water tank, baseboard heating, and mostly updated windows within the past 10 years. The basement is dry and features sprayed insulation in both the basement and attic for improved efficiency, along with newer glass block windows. Roof is about 15 years old.
Enjoy outdoor living on the welcoming covered front porch with newer railing and lighting. The long driveway leads to a detached 2-car garage with newer metal roof, new overhead door, and new man door - offering excellent parking, storage, or workshop potential.
Sale includes the adjacent parcel at 216 Davey St, providing additional yard space and future potential. Parcels may be combined upon purchase for tax purposes.
Seller is motivated. Offers will be reviewed as received.
Don't miss your opportunity to own this versatile property - showings begin immediately.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017