25-36 163rd Street
About This Property
The interior includes hardwood flooring, a spacious living room, ceramic tile flooring, and granite finishes in the kitchen and bathrooms. The kitchen is equipped with granite countertops, stainless steel appliances, a dishwasher, refrigerator, and sliding glass door access to the backyard.
Additional features include central air conditioning, double-pane windows, a full basement with a French drain system, and a marble staircase leading to the basement. The exterior consists of stucco and brick construction. The boiler and hot water heater were replaced approximately 4–5 years ago, and electrical and plumbing updates were completed in 2016.
Outdoor features include an in-ground saltwater swimming pool, detached garage, fenced yard/patio area, driveway parking, and street parking. The property is located near the Q16 bus stop, Bowne Park, supermarkets, and neighborhood conveniences.
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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%.
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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