2405 Pates Creek
About This Property
You will enter the large foyer flanked by an office to the left with French doors and an open dining room on the right. Family and friends are always welcome into the heart of the home; a spacious family room with a coffered ceiling and chef's kitchen which is complimented by a quaint sunroom on the other side of the shared brick wall, all having floor to ceiling windows. A gas fireplace adds to the charm of a first- floor primary bedroom and the two oversized walk-in closets.
The five large bedrooms on the second- floor which share two Jack and Jill baths that open to the hallway AND there is a special flex room (office, craft, gift wrapping, hobby) compete with built in desk! The third floor has been a hang-out room, occasional guest room, bonus room or whatever you may need for extra space!
Visit our neighborhood website: www.the-vineyards.org.
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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 |
|---|---|---|---|
| May 2, 2024 | Sold | ||
| Sold | |||
| Feb 7, 2024 | Listed by RW Towne Realty | $1,199,000 | |
| Listed by RW Towne Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017