2941 Chevy Chase Drive
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 5, 2021 | Sold | ||
| Sold | |||
| Oct 4, 2021 | Listed by Martha Turner Sotheby's | $4,300,000 | |
| Listed by Martha Turner Sotheby's | |||
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Facing Mary Elliott Park on Chevy Chase Drive, this stunning 2019 renovated River Oaks residence includes fabulous landscaping & interior fully remodeled 3 floors w/ attached garage apartment. The 1st floor has been modernized w/ a beautiful flow for small to large groups w/ its grand 2-story foyer, large dining room, comfortably sized library w/ wet bar, living room & fully equipped kitchen w/ morning/breakfast area. The 2nd floor includes the primary bedroom w/ two baths (private water closets), custom closets & adjacent sun room. Two additional guest bedrooms (one presently used as a study) w/ en suite baths are located on the 2nd floor. 3rd floor bedroom w/ closet & en suite bath. The garage apartment offers en suite bath & kitchenette. Granite & limestone surfaces, beautifully designed fixtures, sumptuous wood/stone/carpeted flooring, window coverings/drapery, & elevator to all 3 floors are only a few of the appointments that make this home so elegantly sophisticated.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017