236 Madison Road
About This Property
Starting with a gracious entry foyer, there are hardwood floors, central air, a renovated eat-in kitchen with high-end components and radiant heated floor. A first floor bedroom or office with a full bath for convenient at-home office or live-in helpers. A large living room with fireplace and a cozy family gathering area off the living room. A formal dining room and powder room complete the first floor. Enjoy a Hamptons feel when sitting on the screened porch overlooking the private and lush backyard.
There are four well sized family bedrooms on the second floor with a hall bath with radiant heated floors and an en suite master bath. Don't miss the Ipe wood deck off the second floor landing; the perfect spot for a last story before bed or an end of the day beverage and cozy chat. There is a walk up attic for easy access and generous storage space.
The legal lower level recreation room of 210 square feet is included in square footage. In addition, there is laundry, workshop and storage in the basement beyond the mudroom area off the attached garage.
The location is very convenient: walk to elementary school, high school and commuter bus to Scarsdale village, shops and train. There is a free bus to the middle school.
The current owners have taken care to update the less glamorous but very important details like the porch windows, conversion from oil to gas heat with the highest quality boiler, new and highest quality AC condenser and Ipe wood flooring for the second floor deck. In addition, the exterior was painted in 2018 and they added new wood shutters.
Don't miss the opportunity to call this home!! Additional Information: ParkingFeatures:2 Car Detached,
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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 |
|---|---|---|---|
| Oct 7, 2019 | Sold | ||
| Sold | |||
| Jul 3, 2019 | In contract | - | |
| In contract | |||
| Jun 20, 2019 | Listed by Houlihan Lawrence Inc. | $1,225,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Jul 30, 2014 | Sold | ||
| Sold | |||
| Apr 22, 2014 | Listed by Coldwell Banker Res Brokerage | $1,180,000 | |
| Listed by Coldwell Banker Res Brokerage | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017