2986 Grove St
About This Property
Inside, a bright, open layout showcases 12-foot ceilings and original hardwood floors throughout. The living room, dining area, and kitchen flow seamlessly, creating an ideal space for entertaining. The remodeled kitchen (2022) features quartz countertops, ample cabinetry, and Samsung appliances.
Two main-level bedrooms share a thoughtfully remodeled full bathroom, while both bathrooms have been updated to reflect a fresh, cohesive design that complements the home's original charm. The finished basement provides flexible living space-perfect for a second living area or a non-conforming third bedroom-with an adjacent three-quarter bath and laundry closet.
Outdoors, a welcoming front porch adds timeless appeal, while the fully fenced backyard and elevated deck offer the perfect setting for summer evenings. A parking pad adds everyday convenience in this highly walkable location, close to beloved restaurants, boutiques, coffee shops, fitness studios, and parks.
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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