248 6th Avenue
About This Property
Hardwood floors run throughout the home, while a large picture window fills the living room with natural light. The living and dining areas flow nicely into the updated kitchen featuring granite countertops, wood cabinetry, stainless steel appliances, gas propane cooking, recessed lighting, and a breakfast bar that's perfect for morning coffee or casual meals.
Sliding doors lead to the deck and fenced backyard, creating an easy space for summer barbecues, entertaining, gardening, or simply relaxing outside. All three bedrooms feature hardwood floors, and the primary bedroom includes a double closet and private full bath.
A full basement offers plenty of storage, plus great potential for a home gym, workshop, recreation area, or additional living space. Add in the attached garage, pull-down attic storage, and generous driveway, and there's room for just about everything.
Conveniently located near Lake Avenue, the St. James LIRR station, local shops, restaurants, parks, and North Shore destinations. If you've been looking for comfortable one-level living with a great yard and a true neighborhood feel, 248 6th Avenue is ready to welcome you home.
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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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About St. James
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017