247 WATERLOO STREET
About This Property
Built in 1946, this home blends timeless character with thoughtful modern updates. The main level welcomes you with a classic foyer and staircase, leading to well-maintained hardwood floors and a cozy family room featuring custom built-ins. A mudroom with an exposed brick wall adds warmth and functionality, while the updated eat-in kitchen boasts a breakfast bar and gas cooking-perfect for everyday living and entertaining.
Upstairs, the primary suite features a beautifully renovated en-suite bath with farmhouse-inspired finishes that complement the home's original charm. Two additional bedrooms offer unique character, including one with a loft area, vaulted paneled ceiling, and exposed wood beams.
The walk-up lower level is partially finished, providing flexible space ideal for a home office or gym. Outside, enjoy a flat, fenced-in yard perfect for play and gatherings, along with a screened-in porch for relaxing evenings. A detached 2-car garage and additional patio space complete this exceptional property. Solar panels included in sale and covers electricity cost, owner is only responsible for service fee to Dominion Energy.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017