25652 Fallenwood
About This Property
The main floor boasts a sleek, newly reconfigured kitchen with a breakfast nook and a breakfast bar, featuring custom cabinetry, Italian porcelain countertops, and top-of-the-line appliances, including a 36-inch 6-burner range and counter-depth fridge. The family room includes a modern bar area with matching countertops and cabinets and the potential to convert into a main-floor bedroom. A beautiful wrought iron staircase leads you to the second floor, where you'll find built-in linen cabinets, three spacious guest bedrooms, and the luxurious primary suite. The spacious primary bedroom, featuring stunning views, offers an ensuite bathroom and a private retreat area perfect for a home office or dressing area. The primary bathroom is a luxurious spa-like haven, featuring an oversized shower with a frameless glass door, Italian marble flooring and walls, modern fixtures, and custom cabinetry. The Jack-and-Jill bathroom is equally impressive, with 24x48 Italian marble flooring, contemporary fixtures, and brand-new cabinetry. This home features all-new custom vinyl flooring, new LED ceiling lighting, and elegant Italian marble finishes throughout. This newly painted, spacious 3-car garage offers ample room for your vehicles and storage needs. Equipped with brand new automatic doors and an Electric Car plug. Additional upgrades include brand-new doors, handles, locks, and custom mirror closet doors in all bedrooms. The living room is adorned with new custom windows and French doors, along with two remodeled fireplace clads in Italian marble. The powder room and laundry room have both been fully updated with new cabinetry, countertops, and plumbing, and the three-car garage now includes new doors, drywall, LED lighting, and a 220V outlet for electric vehicle charging. Exterior updates include a newer roof, fresh paint, and a modern custom iron railing at the entry. This home is truly turnkey, with no detail overlooked! Close to the fwy, shopping, and restaurants. Very low HOA due.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 18, 2024 | Sold | ||
| Sold | |||
| Nov 27, 2024 | In contract | - | |
| In contract | |||
| Nov 18, 2024 | Price Decreased |
$1,599,800
↓ $99K
(5.8%) | |
| Price Decreased | |||
| Oct 9, 2024 | Listed by Coldwell Banker Realty | $1,698,800 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017