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239 Waverly Avenue #0
About This Property
The layout is super flexible, but it is currently laid out as a two or three bedroom with a stunning twenty-three foot master suite, complete with skylights and a huge walk-in closet. The loft-like living and dining room is enormous and the modern kitchen has a breakfast bar, eating and sitting areas.
Everywhere you look there are pristine original details such as wood beams, metalwork, exposed brick and soaring twelve foot ceilings. The patio has a built-in barbecue and the decked roof terrace is an urban oasis. Additional amenities are a full laundry room, two and a half bathrooms, central A/C, tons of closets and storage space and there is a private, two car, parking garage!
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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