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245 Norma Avenue
About This Property
Natural light fills the home throughout, highlighted by an inviting dining space with built in seating and a spacious living room designed for both relaxation and entertaining. A standout feature is the vaulted living area with wood ceilings and skylight, creating a warm, airy space with direct access to the backyard.
The full basement provides excellent storage and additional potential, while gas heat and central air ensure year round efficiency and comfort.
Set on a deep, private property, the backyard offers endless possibilities with ample room for recreation, entertaining, or expansion. The outdoor deck and open green space create a true extension of the home's living area. A two car detached garage adds convenience and versatility.
A move in ready home with thoughtful updates, great flow, and exceptional indoor outdoor living.
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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