256 87th Street
About This Property
Inside, the home features a bright and inviting sunroom, a spacious living room and dining area with an open-concept layout, perfect for both everyday living and entertaining. The brand-new galley kitchen boasts modern finishes and leads directly to the backyard through sliding glass doors, creating seamless indoor-outdoor living. A convenient powder room completes the first floor.
The second level offers three generously sized bedrooms and a beautifully renovated full bathroom. The fully finished basement provides valuable additional living space and includes a full bathroom, making it ideal for a family room, home office, guest suite, or recreation area.
Step outside to enjoy a private, nicely sized backyard perfect for relaxing, gardening, or entertaining. Additional highlights include covered parking for two cars and access to a community drive.
A wonderful opportunity to own a move-in-ready home in the heart of Bay Ridge, where convenience, neighborhood charm, and modern living come together.
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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