25 Manis Avenue
About This Property
Although this home needs some TLC it is an amazing find. Main level offers a formal dining room, an oversized bedroom,(presently being used as a entertainment room w/bar), an oversized double kitchen. Step down into the lower level of a formal living room with lots of natural light(windows/door updated), the family room again with oversized windows and a wood burning stove and sliders to the rear yard (updated windows door and stove insert), a large full bath with also hosts the washer/dry, also a full sized bonus room w/o closet , also on this level is the access to the basement level which has a 2 car garage, mechanics for the house, the well water tank, additional oversized storage room as well as additional storage access. The upper level consist of 2 nice sized bedrooms 2nd full bath, and the master suite with a full bath in need of completion. Being sold as is. Additional Information: ParkingFeatures:2 Car Attached,
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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.
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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 Chestnut Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017