2596 Alpine Way
About This Property
Head upstairs where you will find 4 bedrooms highlighted by the luxurious primary bedroom that has a large tub, plantation shutters, and walk-in closet. The other 3 bedrooms are good size and are separated from the primary. Other features include: dedicated office space with sliding barn doors, newly renovated basement that could be used for a work out room or mancave, newly installed laminate floors throughout the main level, brand new carpet on the 2nd floor, new 2nd floor HVAC, and LVP in the terrace level. The backyard is fenced in and includes a shed and fire pit. The deck off the family room provides for more outdoor living space and the newly added stairs make it easy for your dog to go outside from the main floor. Beechwood Hills is a friendly neighborhood close to schools, the Forum, other shopping centers, and dining options. It provides easy access to major highways that make commuting much more easy.
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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