250 Patterson Drive
About This Property
Recent upgrades have transformed this home into a modern oasis! In 2025, a new HVAC outdoor unit was installed to ensure year-round comfort. The kitchen has been fully upgraded with soft-close cabinets, stainless steel appliances, and sleek quartz countertops. The addition of luxurious LVP flooring in both the kitchen and living area enhances the home's contemporary appeal.
The bathroom has been tastefully remodeled, and the crawlspace has been expertly sealed for added efficiency and peace of mind. A tankless water heater, installed in 2022, provides endless hot water and energy savings.
Situated on a 0.29-acre lot, the property also features a detached workshop and a storage shed, offering ample space for projects and storage. Enjoy the convenience of being connected to public water and sewer services.
Don't miss the opportunity to own this meticulously updated home that perfectly combines classic charm with modern amenities!
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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