2363 123RD PLACE E
About This Property
Step inside and feel the difference - luxury vinyl plank flooring flows seamlessly throughout, every window is tinted for comfort, and crown molding ties each space together with timeless detail. The kitchen and both baths have been fully remodeled, blending clean lines with warm finishes that make the home feel both modern and welcoming.
Major investments bring peace of mind - a new roof (2023), new A/C (2023), new water heater (2025), new pool heater 2025, new water softener, and a whole-home surge protector (2025) ensure years of worry-free living. The garage features a new epoxy floor (2024) and new opener (2025), making even the practical spaces shine.
Out back, you'll find your own private retreat. The pool, originally built in 2019, was rescreened in 2024 and enhanced with a new salt and chlorination system (2025) and heater - perfect for year-round enjoyment. An outdoor dry bar sets the stage for entertaining, while plantation shutters (2025), built-ins, and a cozy fireplace (2022) add finishing touches that make this home feel truly special.
This is more than a remodel - it's a complete refresh of a home that now lives and feels brand new, offering the serenity of lakefront living with the confidence of every major improvement already done.
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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%.
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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