218 Seventh Avenue
About This Property
Transitions between indoor and outdoor living are effortless via French doors that open to a sprawling 408 sq ft rear deck spanning the entire width of the home. The exterior has professionally planted and maintained private landscaping featuring a flat lawn just one step off the deck, and an automatic irrigation system.
The second floor provides private sanctuary. The primary suite boasts vaulted ceilings, celestial skylights, and a spa-like en-suite bathroom with dual vanities, glass-door stall shower, a jetted tub and walk-in closet. Two additional bedrooms with generous closet space share a hall bathroom.
The versatility of the home extends to the finished lower level, where high ceilings and a new expansive window create an inviting atmosphere for a home fitness center, office, or flex/play area. Enter directly from the garage and drop purchases in the large pantry or many lighted closets.
New 2-zone Bosch HVAC system. Recessed lighting throughout. Perfectly positioned on a quiet dead-end street, this home is just 0.2 miles from the new Hutchinson School and 0.5 miles from the Pelham train station for a 30-minute Metro North commute. With proximity to restaurants & shops downtown and parks accessible by Pelham's sidewalks, this home represents the pinnacle of Pelham living.
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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