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28 Stone Paddock Place
About This Property
The residence has 5 bedrooms, 5.1 baths, a beautiful wood-paneled office, three fireplaces, coffered ceilings and numerous built-ins (including Clive Christian cabinetry). The property is gated, fully fenced, has an updated cedar shingle roof, new generator and new above ground oil tanks. A perfect floor plan, lovely land and town less than 5 minutes away, makes this a special offering. The finished walkout lower level includes a family room, gym, full bath, a 3,500 bottle temperature controlled wine cellar and also has tons of storage. Pool site behind family room as per Glen Gate. This property gives new meaning to "move-in-ready"!
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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