26 New Providence Lane
About This Property
Beautifully furnished in a modern eclectic style,the main level includes both a master & a guest suite plus a spacious lounge complete with folding Nano doors offering seamless access to the courtyard. Ascending the spectacular staircase ,the 2nd level living area opens onto an impressive dining & kitchen which flows through to the wrap around balcony. This level also provides a 2nd primary suite & adjoining side porch. Level 3 is replete with a 6 bunked kids room, a media room& full bath.
Across the courtyard is the carriage house with a 2 car garage below the generous & well appointed apartment above. The beach, Pescado, & Rosemary's best shopping are just moments outside the door from this very special enclave!
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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