2885 Gray St
About This Property
Enjoy your morning tea or coffee in the sun room just off of the remodeled kitchen - boasting new flooring, tiles, cabinets, and appliances. From the sun room step outside onto the large concrete patio overlooking your own backyard oasis - a gardeners dream! Or the perfect space for the kids or dog to run wild while you entertain and prepare the perfect summer cookout. There is an additional garden on the front of the home with its own fence. Don't forget the Tesla solar panels - fully paid and transferable to the new owner at no cost.
The large one car garage provides plenty of space for extra storage and an additional parking space was added to the driveway.
The laundry room breezeway and both bathrooms are freshly painted and new light fixtures installed throughout the home.
This home is priced at value, having recently received a full appraisal - it won't last - schedule your showing today!
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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