263 Corona Avenue
About This Property
rare blend of timeless architectural beauty, modern luxury, and exceptional privacy.
Meticulously maintained and in pristine condition, this brick-and-stone residence
showcases remarkable craftsmanship, period details, and thoughtfully updated living
spaces. At the heart of the home is a spectacular open-concept chef's kitchen featuring radiant heated floors, premium appliances, gas fireplace, and a dedicated HVAC system. Just beyond, the formal dining room comfortably accommodates large gatherings, while the sunken living room spans the front and rear of the home, highlighted by rich wood paneling and wood-burning fireplace. The wood-paneled library offers a warm, intimate space, while the sunroom, wrapped in leaded windows, adds warmth, charm, and natural light throughout.
The second floor is thoughtfully arranged into three distinct wings, offering privacy and
flexibility. The primary suite is surrounded by windows and features multiple closets and
a newly renovated spa-like bath. Adjacent to the primary suite is an additional private
bedroom suite with its own bathroom. Beyond custom wooden doors are three
generously sized bedrooms, including one with an en-suite bath and two sharing a
renovated bath. A separate wing of the upper level includes another full bathroom,
laundry room, oversized walk-in cedar closet, and a bedroom/office with separate
access to the kitchen, driveway, and backyard. The finished lower level offers a fully equipped gym and an entertaining area with storage. The outdoor living space rivals a private resort, featuring a gated patio, a private saltwater pool, and an expansive deck. Cypress and spruce trees surround the property, creating extraordinary privacy.
This exceptional home offers timeless style, generous living space, and modern comfort
in one of Pelham's most desirable neighborhoods. Centrally located near town, train, and schools.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017