277 Locust Avenue
About This Property
that delights in a continuous seasonal display of color and ever-changing foliage. Set back off
the road in pure privacy, moments to town! Inside - 4,171 sq ft with Brazilian cherry floors,
soaring ceilings and walls of windows - all new in a recent renovation by Grasso
Development. Every room is an invitation to socialize – chic sunlit living room with built-ins and
fireplace, high-style dining room, dazzling open family room with walls of windows and door to
the deck, and Quartz kitchen with Viking/Sub-Zero appliances. Four bright beds, a master
sanctuary with 100+ year old barn-style door to new spa-like ensuite, private office/5th bed
with separate entrance, walkout LL rec room opening to covered patio and custom firepit. Year-
round beauty from vibrant cherry blossom to weeping pine, with level lawns and multiple
alfresco entertaining areas. Plenty of parking with potential for pool! Additional Information: Amenities:Storage,ParkingFeatures:2 Car Attached,
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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