2388 Northview Circle
About This Property
Inside, 10-foot ceilings, crown molding, and hardwood flooring enhance the open-concept layout. The living room has plantation shutters overlooking the front yard, while the formal dining room features a unique stained-glass window. The remodeled kitchen includes custom cabinetry with glass-front uppers, quartzite countertops and backsplash, a contrasting island with seating, pendant lighting, Sub-Zero built-in refrigerator, Commercial grade range, custom vent hood, concealed spice racks, and a breakfast nook with views to the backyard. The family room is warm and inviting with a stone fireplace, built-in media center, and chandelier. Double glass doors lead to a finished office with built-in desk and shelves (optional 4th bedroom). A remodeled powder room serves guests with style.
The primary suite includes hardwood flooring, a fireplace, backyard access, and recessed lighting. Its updated bath offers a custom-tiled walk-in shower, dual sinks with granite counters, a vanity, and a generous walk-in closet. Two additional bedrooms share a remodeled hall bath. The laundry room is updated and connects to the attached three-car garage. The backyard is a private retreat with a saltwater pool featuring stone accents and copper scuppers, an elevated spa, flagstone patio, built-in BBQ island, alumawood patio covers, custom water feature, and a hand-painted outdoor fireplace. Stucco walls and mature privacy hedges surround the space. Additional upgrades include a newer HVAC system, interior and exterior paint, built-in surround sound with room-by-room controls, LED lighting, and more. Community amenities include tennis courts, pickleball, basketball, a park, and a playground.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017