2841 Wellman Avenue
About This Property
This duplex features 3 bedrooms, a 2.5 bathrooms, a spacious living room, and a modern kitchen with stainless steel appliances and high-quality quartz countertops. This open-concept layout is perfect for entertaining and everyday living, with engineered wood flooring throughout the main floor. This home offers plenty of natural lighting, beautiful finishes throughout and most importantly the fully finished basement provides additional living space and ample storage.
Outside, you'll find a beautiful deck, perfect for entertaining guests or enjoying your morning coffee.
This home is conveniently located near the 6 subway train, providing easy access to all parts of the city. Plus, with shops, restaurants, and other amenities just a short walk away, you'll never run out of things to do. Pelham Bay Park, one of the largest parks in New York City, is also just a stone's throw away, with its many playgrounds, doggy park, and Orchard Beach for endless opportunities for outdoor recreation and leisure. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Detached,
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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