28587 Park Ave
About This Property
The fully remodeled kitchen features new cabinetry, quartz countertops paired with butcher block accents, and new backsplash. New engineered wood flooring runs throughout the home, complemented by fresh interior and exterior paint, and updated lighting that give the space a clean, cohesive feel.
The living room is filled with natural light from a wall of windows overlooking the yard, creating a bright and inviting space to gather. A charming original swing adds a unique touch of character and reflects the home's historic personality.
An office or flex nook with vaulted ceilings includes a ladder leading to a loft hangout space - perfect for reading, relaxing, or creative use.
The updated bathroom has been beautifully remodeled, and major updates have already been completed, including a new roof (2024), newer furnace system, and hot water on demand.
Outside, the fully fenced yard provides privacy and room for pets to roam, with a new sliding glass door connecting the indoor and outdoor living spaces. The property also includes three outbuildings for storage or creative use. One of the original sheds remains as a nod to the property's past, while another offers potential to be finished into a studio, workshop, or additional flex space.
Located in Pine Grove with quick access to outdoor recreation, Pine Valley Ranch is just minutes away for hiking, biking, and fishing. Commuters will appreciate being only about 15 minutes to Highway 285, while local favorites like Zoka's restaurant and local antique shop are just a short drive away.
A rare blend of historic character, modern updates, and mountain lifestyle.
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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