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2919 Wellman Avenue
About This Property
The property features a spacious, semi-finished basement with its own separate entrance-offering incredible potential for a mother-daughter setup, an extended family suite, or a private home office/recreational space.
Step outside to your private, fully fenced-in backyard, perfect for weekend gatherings, gardening, or relaxing in your own quiet oasis.
Location is everything! Situated in a highly desirable Pelham Bay neighborhood, you are just a short, effortless walk to both the Middletown Road and Buhre Avenue train stations (6 Train), offering a quick and direct commute into Manhattan. Enjoy close proximity to local parks, premier shopping, and dining.
This turnkey property is a rare find in today's market and truly a must-see. Pack your bags and move right in-this one will not last!
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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